During 2008, the difference in yield (the yield spread) between 3-month aa-rated financial commercial paper and 3-month aa-rated nonfinancial commercial paper steadily increased from its usual level of close to zero, spiking to over a full percentage point at its peak in october 2008. which of the following explains this sudden increase?
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During 2008, the difference in yield (the yield spread) between 3-month aa-rated financial commercia...
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