- CFA Exams
- CFA Level I Exam
- Topic 9. Portfolio Management
- Learning Module 37. Economics and Investment Markets
- Subject 2. Default-Free Interest Rates and Economic Growth
CFA Practice Question
The more stable the economic growth, the ______ the real risk-free interest rates.
B. lower
A. higher
B. lower
Correct Answer: B
This is because investors are risk-averse.
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