- CFA Exams
- CFA Level I Exam
- Topic 2. Economics
- Learning Module 2. Understanding Business Cycles
- Subject 3. Economic Indicators over the Business Cycle
CFA Practice Question
Inventory-sale ratio tends to be ______ when the economy is in the expansion stage. A. rising
B. stable
C. falling
Correct Answer: B
Sales increase and production rises fast to keep up with sales growth.
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