The reformers reconciled their desire to create moral order
with their quest to enhance personal freedom. This they did by stressing liberation
from external restraints, like slavery, and internal servitude, such as
drinking alcohol. <span>According to them, a lot of people were "slaves" to
various sins and liberating them from this enslavement would enable them to
compete economically.</span>
Vassals. Serfs were slaves. and priests could take the land
Answer:
c. The maturity risk premium is zero.
Explanation:
Pure expectation theory states that the forward rate will represent expected future rate. Term structure is said to be a reflection of what the market expects future short term rates to be.
As future rates are expected to be the same as spot rates for that date, the theory is only applicable when there is no risk premium. That is the maturity risk premium is zero.
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