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American Bankers Association Exam CTFA Topic 4 Question 48 Discussion

Actual exam question for American Bankers Association's CTFA exam
Question #: 48
Topic #: 4
[All CTFA Questions]

The phase of the economic cycle when levels of employment and production are low and economic growth is at a virtual standstill or even negative is called:

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Suggested Answer: B

Contribute your Thoughts:

Whitney
1 months ago
Wait, is this a trick question? I'm going with A) Growth. Isn't that what we're always aiming for, like, forever and ever?
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Hubert
15 days ago
I agree with you, it's not Growth. I think it's C) Recession too.
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Ernie
16 days ago
I'm pretty sure it's D) Depression. That's when things are really bad.
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Maile
19 days ago
No, it's not Growth. I think it's C) Recession.
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Janae
1 months ago
Easy peasy, it's C) Recession. Guess I better start pinching those pennies and cutting back on the avocado toast.
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Lezlie
1 months ago
B) Expansion, obviously. Who doesn't love a good economic boom? Time to start that business I've been dreaming about!
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Gilma
2 months ago
Definitely D) Depression. Doesn't get much worse than that, am I right? Maybe I should start hoarding canned goods just in case.
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Alida
8 days ago
Let's hope for the best and prepare for the worst. It's always good to be cautious.
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Gerald
17 days ago
I agree, it's a scary thought. Hopefully it doesn't come to that.
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Annamaria
27 days ago
Yes, you're right. Depression is the correct answer. It's a tough time for the economy.
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Allene
2 months ago
I'm not sure, but D) Depression also sounds like a possibility when growth is negative.
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Barrett
2 months ago
I agree with Hubert, recession makes sense when employment and production are low.
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Hubert
2 months ago
I think the answer is C) Recession.
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Kimberlie
2 months ago
I'm not sure, but I think D) Depression is when things are really bad, right?
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Ira
2 months ago
I agree with Alfreda, recession makes sense when employment and production are low.
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Bulah
2 months ago
I think C) Recession is the correct answer here. The economic cycle has its ups and downs, and a recession is the low point when things aren't looking too great.
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Shantay
1 months ago
Yeah, it's definitely a challenging period with low employment and production levels.
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Vernice
2 months ago
I agree, C) Recession is the correct answer. It's a tough time for the economy.
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Alfreda
3 months ago
I think the answer is C) Recession.
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