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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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You have a wonderful website and definitely should take some credit for your members' outstanding grades.
Colin Sampaleanu
Learning Outcome Statements
describe credit cycles
CFA® 2024 Level I Curriculum, Volume 1, Module 2.