单选题
Which of the following yield curves represents a situation where
long-term rates are less than short-term rates?
A. Normal yield curve.
B. Inverted yield curve.
C. Flat yield curve.
【正确答案】
B
【答案解析】A normal yield curve is one in which long-term rates are greater than short-term rates. A flat yield curve represents a situation where the yield on all maturities is essentially the same.