SIE: Exercise

Taken from our SIE Online Guide

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Exercise

Answer the following questions.

1. What are the four phases of the business cycle?
2. A recession occurs when a contraction phase lasts more than _____. A depression occurs when a contraction lasts more than _____.
3. Which is likely to have a wider credit spread—a high-yield bond or a AAA corporate bond?
4.

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