Question

Which of the following statements are true?
I. Lenders have a preference for shorter maturities.
II. Lenders have a preference for longer maturities.
III. Borrowers have a preference for shorter maturities.
IV. Borrowers have a preference for longer maturities.
A. I only
B. I and III only
C. I and IV only
D. II and III only
E. II and IV only

Answer

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