Canadian Securities Course (CSC) Practice Exam

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Prepare for your Canadian Securities Course (CSC) exam with in-depth quizzes and study materials. Enhance your knowledge with multiple-choice questions, helpful hints, and explanations. Get ready to ace your exam!

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At what stage does the "Trough" phase occur?

Before economic expansion
After economic peak
After economic contraction
During economic stability

The correct answer is: After economic peak

During an economic cycle, there are four main stages Expansion, Peak, Contraction, and Trough. The "Trough" phase occurs after the economic peak, which is the highest point of economic growth before a decline. This means that the "Trough" phase does not occur before economic expansion (option A), during economic contraction (option C), or during economic stability (option D). These options are incorrect because they do not accurately reflect the specific stage in the economic cycle that the "Trough" phase occurs. Only option B correctly identifies the timing of the "Trough" phase.