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Basic Question 1 of 4
There is a ______ relationship between credit spreads and benchmark rates.
B. counter-cyclical
C. linear
A. cyclical
B. counter-cyclical
C. linear
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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
Learning Outcome Statements
explain the determinants of the term structure of credit spreads and interpret a term structure of credit spreads;
CFA® 2025 Level II Curriculum, Volume 4, Module 29.