单选题
编号:2692285
1. Which of the following statements regarding the term structure of interest rates is least accurate?
- A.Forward interest rates are the best estimates of future short-term interest rates under the pure expectations theory.
- B.The observed yield curve likely contains elements of liquidity preference,market segmentation,and expectations theories.
- C.Under the market segmentation theory,a flat yield curve is likely to become positively sloped if the demand for long-term bonds exceeds supply and if the supply of short-term bonds exceeds demand.