NO.PZ2018123101000003
问题如下：
If one-year forward rates are decreasing with maturity, the yield curve is most likely:
选项：
A.flat
B.upward-sloping
C.downward sloping
解释：
C is correct.
考点：考察Forward rates和Yield curve之间的关系
解析：如果随着期限的变化，One-year forward rate是下降的，则forward curve向下倾斜。因此Yield curve也是向下倾斜的。
One year forward rate 难道不是应该在不同时间点的forward curve 上吗？为什么可以从条件知道forward curve是downward slopping?
