问题
单项选择题
The liquidity preference theory of the term structure of interest rates implies that the shape of the yield curve should be:（）
A. flat or humped.
B. downward-sloping.
C. upward-sloping.
答案
参考答案：C
解析：
The liquidity preference theory definitely puts upward pressure on the long end of the term structure and, by itself, would lead to an upward-sloping yield curve.
