Empirical evidence has shown that future implicit rates of interest are _____________ estimates of actual future rates of interest.
A) exact
B) downward biased
C) upward biased
D) none of the above; the two types of rates are totally unrelated to one another.

Question

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The Answer of Empirical evidence has shown that future implicit rates of interest are _____________ estimates of actual future rates of interest.
A) exact
B) downward biased
C) upward biased
D) none of the above; the two types of rates are totally unrelated to one another.

Empirical Evidence Has Shown That Future Implicit Rates of Interest