The Normal Yield Curve Is Upward Sloping Implying That

Multiple Choice

The normal yield curve is upward sloping implying that

A) the return on short-term securities are higher than the return on long-term securities of similar risk.
B) the return on long-term securities are equal to the return on short-term securities of similar risk.
C) the return on short-term securities are lower than the return on long-term securities of similar risk.
D) the return on bonds with a higher default risk is higher than the returns on bonds with lower default risk.
E) the return on bonds with a lower default risk is higher than the returns on bonds with higher default risk.