The "term structure of interest rates" depicts the competitive cost of funds for the various short-term sources of funds such as Treasury bills, commercial paper, and bank CDs.

Question

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The term structure of interest rates, also known as the yield curve, depicts the relationship between interest rates and the maturity of debt securities, typically focusing on government bonds, not specifically short-term sources like Treasury bills or commercial paper.

The "Term Structure of Interest Rates" Depicts the Competitive Cost