Pegging the bond market in 1942–45 meant that World War II (1941–4
Pegging the bond market in 1942–45 meant that World War II (1941–45)
(a) would be financed by free-market interest-rate determination.
(b) fixed high interest rates.
(c) fixed low interest rates.
(d) sent high interest rates floating above the peg.
ANSWER
(c)
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