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Basic Question 6 of 6
Inventories often fall ______.
B. at the peak of a business cycle
C. early in a recovery
A. early in a recession
B. at the peak of a business cycle
C. early in a recovery
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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 the business cycle and its phases
CFA® 2025 Level I Curriculum, Volume 1, Module 2.