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.
Filling time Interlude
Twelve Psalms Song
Son's of Korah Temple Musicians
To raise up Selah
In the title of Fifty-Seven Psalms Psalm
Answer:
Decentralization: The transfer of control of an activity or organization to several local offices or authorities rather than one single one.
Federal System: When political authority is divided between two autonomous sets of governments, one national and the other subnational, both of which operate directly upon the people.
The difference between a unitary and a federal government is that a unitary government puts its power in one central government while in a federal system the governing power is divided into federal and local governing bodies that connect to the national government.
Yes it does match up with the layers
Can you explain it a bit better?
