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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 passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
Learning Outcome Statements
describe credit cycles
CFA® 2025 Level I Curriculum, Volume 1, Module 2.