Q55.According to the market segmentation theory, an upward sloping yield curve is most likely duo to:

A. investor expectations shat short-term interest rates will rise future..

B, different levels of supply and demand for short-term and long-term funds.

C. An increasing yield premium required by investors for bearing interest rate risk.

D. Investors shifting out of their preferred maturity sector into shorter-term securities.

答案和详解如下：

Q55.   B        Study Session 15-68.c

The market segmentation theory assert that the supply and demand for funds determine the interest rates for each maturity sector.