SIE: Exercise

Taken from our SIE Online Guide

Exercise

Answer the following questions.

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

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