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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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

14 days ago

I agree with you, it's not Growth. I think it's C) Recession too.

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Ernie

15 days ago

I'm pretty sure it's D) Depression. That's when things are really bad.

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Maile

18 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

1 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

6 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

16 days ago

I agree, it's a scary thought. Hopefully it doesn't come to that.

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Annamaria

25 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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