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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 am using your study notes and I know of at least 5 other friends of mine who used it and passed the exam last Dec. Keep up your great work!
Barnes
Learning Outcome Statements
describe credit cycles
CFA® 2025 Level I Curriculum, Volume 1, Module 2.