Since Yield Curves Are Usually Upward Sloping,the ________ Indicates That,on

Multiple Choice

Since yield curves are usually upward sloping,the ________ indicates that,on average,people tend to prefer holding short-term bonds to long-term bonds.

A) market segmentation theory
B) expectations theory
C) liquidity premium theory
D) both A and B of the above
E) both A and C of the above