单选题 Which of the following yield curves represents a situation where long-term rates are less than short-term rates?

A、

A. Normal yield curve.
B、

B. Inverted yield curve.
C、

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.