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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 am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach

Andrea Schildbach

Learning Outcome Statements

describe credit cycles

CFA® 2025 Level I Curriculum, Volume 1, Module 2.