- CFA Exams
- CFA Level I Exam
- Topic 2. Economics
- Learning Module 2. Understanding Business Cycles
- Subject 1. Overview of the Business Cycle
CFA Practice Question
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
Correct Answer: C
A business may lose inventory due to the initial sales increase.
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