Multiple Choice
What is a credit boom?
A) An explosion in a credit cycle, which can increase or decrease lending in the short-run
B) Essentially a lending spree on the part of banks and other financial institutions
C) When credit card receivables rise due to low initial interest rates
D) The signal of the end of a credit spree, with credit contracting rapidly
Correct Answer:
Verified
Correct Answer:
Verified
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