Let U q (b) denote the standard Borel subalgebra of the quantum affine algebra U q ( sl 2 ). We show that the following hold for any choice of scalars ε 0 , ε 1 from the set {1, −1}:Then the action of U q (b) on V extends uniquely to an action of U q ( sl 2 ) on V . The resulting U q ( sl 2 )-module structure on V is irreducible and of type (ε 0 , ε 1 ). (ii) Let V be a finite-dimensional irreducible U q ( sl 2 )-module of type (ε 0 , ε 1 ). When the U q ( sl 2 )-action is restricted to U q (b), the resulting U q (b)-module structure on V is irreducible and of type (ε 0 , ε 1 ).