单选题 The liquidity preference theory of the term structure of interest rates implies that the shape of the yield curve should be:

A、

A. flat or humped.
B、

B. downward-sloping.
C、

C. upward-sloping.

【正确答案】 C

【答案解析】The liquidity preference theory definitely puts upward pressure on the long end of the term structure and, by itself, would lead to an upward-sloping yield curve.