The flight to quality during the early years of the Great Depression resulted in
A)the yield on government securities being pushed close to zero.
B)a decline in spread between medium-quality corporate bonds and long-term Treasury securities.
C)a fall in the commercial paper rate relative to the T-bill rate.
D)a decline in the price of T-bills.

Question

Quizplus · Accepted Answer

The flight to quality during the early years of the Great Depression resulted in the yield on government securities being pushed close to zero as investors sought the safety of Treasury securities.

The Flight to Quality During the Early Years of the Great