N.B.: Quiz on Thursday.

What is the term structure of interest rates?

According to the expectations theory of the term structure of interest rates, what happens to long-term interest rates when short-term interest rates are expected to fall in the future?

Define: segmented markets, expectations, and preferred habitat theories. When does the yield curve slope upward, according to the expectations theory? According to the segmented markets theory? According to the preferred habitat theory?

Why is the interest rate on a U.S. Treasury bond usually less than that on a corporate bond?

Does a taxable bond or a tax-free bond pay a higher before-tax interest rate?

Countries with lower real interest rates have more development in those things that require long-term commitments. Would Bohm-Bawerk agree? Explain.

Define time preference, high time preference, low time preference, and time preference rate.