When Yield Curves Are Steeply Upward Sloping

Multiple Choice

When yield curves are steeply upward sloping

A) long-term interest rates are above short-term interest rates.
B) short-term interest rates are above long-term interest rates.
C) short-term interest rates are about the same as long-term interest rates.
D) medium-term interest rates are above both short-term and long-term interest rates.