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Basic Question 2 of 2
Which statement is FALSE regarding credit cycle? A. Credit cycles drive business cycles.
B. Credit cycles tend to be longer than business cycles.
C. Credit cycles tend to boom ahead of business recessions.
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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.