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Basic Question 1 of 2

When the credit cycle is at its peak,

I. interest rates are high;
II. defaults are typically low;
III. it's usually the easiest time to borrow money.

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I was very pleased with your notes and question bank. I especially like the mock exams because it helped to pull everything together.
Martin Rockenfeldt

Martin Rockenfeldt

Learning Outcome Statements

describe credit cycles

CFA® 2024 Level I Curriculum, Volume 1, Module 2.