The Point at Which a Recession Ends and the Expansion

question 76

Multiple Choice

The point at which a recession ends and the expansion begins is called the:

• A) trough.
• B) downturn.
• C) peak.
• D) lag.

---

Definitions:

Fair Value

The financial gain from trading away an asset or the investment needed to dissolve a liability in a negotiated agreement amongst market stakeholders at the time of valuation.

Par Value

The face value of a bond or stock as stated by the issuer.

Consolidated Common Stock

Shares that represent ownership in a corporation that has combined its financial statements with those of its subsidiaries to present a single set of financials for the entire enterprise.

Acquisition Business Combination

An acquisition business combination is a transaction or event where one entity gains control over another, often involving the purchase of the target company's stock or assets.