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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 just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.
Edward Liu
Learning Outcome Statements
compare the credit analysis required for securitized debt to the credit analysis of corporate debt.
CFA® 2025 Level II Curriculum, Volume 4, Module 29.