The phased-in money market certificate h
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Jeffrey K. Speakes
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Article
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1983
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John Wiley and Sons
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English
โ 352 KB
he history of interest rate movements from 1960 through 1981 was dominated T by two features. First, rates trended sharply higher. The prime rate rose from 10% in 1977 to average 19% in 1981. Over this same period, Treasury-bill rates rose from 6 to 14% and Treasury-bond yields rose from 7 to 14%. S