单选题 An analyst does research about the basic theories of the term structure. According to liquidity preference theory, the term structure of interest rates is least likely determined by:
A. expectations about future interest rates.
B. a yield premium for interest rate risk.
C. preference for particular maturity range.

【正确答案】 C
【答案解析】[解析] 根据流动性偏好理论,其利率期限结构是由未来利率的预期加上持有长期债券的利率风险的补偿所组成的。投资者拥有其偏好的期限是属于市场分割理论的特征。