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    Money the Financial System
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    Exam 7: Risk Structure and Term Structure of Interest Rates
  5. Question
    The Existence of Rating Agencies Has
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The Existence of Rating Agencies Has

Question 57

Question 57

Multiple Choice

The existence of rating agencies has


A) lowered returns on corporate bonds.
B) raised returns on corporate bonds.
C) left returns on corporate bonds largely unaffected.
D) raised returns on both corporate bonds and Treasury securities.

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