According to the text, the cost of debt:
A) for each country is somewhat stable over time.
B) among countries changes over time, and these changes are negatively correlated.
C) among countries changes over time, and these changes are positively correlated.
D) among countries changes over time, and are not correlated.

Question

Quizplus · Accepted Answer

The text indicates that the cost of debt among countries changes over time and these changes are positively correlated, meaning that when the cost of debt increases or decreases in one country, it tends to do the same in others.

According to the Text, the Cost of Debt