Which of the following statements about how the features of a bond impact interest rate risk is FALSE （）
A. Bond price movements depend upon the direction and magnitude of changes in interest rates.
B. All else equal, a longer-term bond is more sensitive to interest rates than a shorter-term bond.
C. An inverse relationship between interest rates and bond prices means that the greater the change in interest rates, the less the change in fixed-coupon bond prices.
参考答案：C
解析：
The inverse relationship between interest rates and bond prices means that when interest rates increase, fixed-coupon bond prices decrease. In other words, the inverse relationship means that interest rates and bond prices move in opposite directions, it does not infer anything about the magnitude of the change.