According to the text, research on the term structure of interest rates has found that maturity markets are not even partially segmented, because investors view various maturities as adequate substitutes for each other.

Question

Quizplus · Accepted Answer

Research on the term structure of interest rates often includes the segmented market theory, which suggests that markets for different maturities are indeed partially segmented because investors typically do not view various maturities as perfect substitutes due to preferences, regulatory requirements, or other factors.

According to the Text, Research on the Term Structure of Interest