CFA Practice Question

There are 539 practice questions for this study session.

CFA Practice Question

If you observe that the number of building permits has increased steadily over the past 2 quarters, it is highly likely that an upturn ______
A. has occurred.
B. is just about to occur.
C. will occur sometime in the future.
Explanation: This gauge is a leading indicator. It foretells new construction activity.

User Contributed Comments 3

User Comment
jejasin I thought it was lagging because it was a sign that the business had more money from the recovering economy =/
farhan92 it did say 2 quarters that made me more inclined to think it was a.
shumwaya think of how long it takes to put up a new building. The area won't start to experience economic benefit from the buildings until they open, therefore it is happening in the future.
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