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:

AGrowth

BExpansion

CRecession

DDepression

Show Suggested Answer

Suggested Answer: B

by Janey at May 27, 2023, 05:43 AM

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Kimberlie

1 days ago

I'm not sure, but I think D) Depression is when things are really bad, right?

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Ira

4 days ago

I agree with Alfreda, recession makes sense when employment and production are low.

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Bulah

6 days 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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Alfreda

15 days ago

I think the answer is C) Recession.

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