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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 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
describe the business cycle and its phases
CFA® 2025 Level I Curriculum, Volume 1, Module 2.