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.
A bureaucracy
ie) the civil service exams in China during period 2 or 3
Answer:
Como parte del Compromiso de 1850, California fue admitida como estado libre (1850), sin ser un estado esclavista. Para evitar la creación de una mayoría de estados libres en el Senado, California acordó enviar un delegado a favor de la esclavitud y un senador antiesclavista al Congreso.
Explanation:
By population which is determined by the census conducted every ten years. (each state has at least one representative)
