单选题 The argument that term structure of interest rates is determined by expectations about future interest rates and a yield premium for interest rate risk is most closely associated with the:
A. expectations hypothesis.
B. liquidity preference theory.
C. market segmentation theory.

【正确答案】 B
【答案解析】[解析] 流动性偏好理论认为,市场参与者希望补偿其持有长期债券的利率风险,其利率的期限结构决定于对未来利率的预期和针对于利率风险的溢价。