The spread between interest rates on low-quality corporate bonds and U.S. government bonds ________ during the Great Depression.
A) was reversed
B) narrowed significantly
C) widened significantly
D) did not change
Answer: C) widened significantly
The spread between interest rates on low-quality corporate bonds and U.S. government bonds ________ during the Great Depression.
A) was reversed
B) narrowed significantly
C) widened significantly
D) did not change
Answer: C) widened significantly