A Recession Is Always Part of a

question 4

Multiple Choice

A recession is always part of a

• A) contraction.
• B) recovery.
• C) detraction.
• D) remission.

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Definitions:

Financial Institutions

Organizations that provide financial services to its clients or members, including banks, credit unions, insurance companies, pension funds, and investment companies.

Investment Banker

Underwrites new issues of securities for corporations, states, and municipalities.