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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 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

Edward Liu

Learning Outcome Statements

describe credit cycles

CFA® 2024 Level I Curriculum, Volume 1, Module 2.