In General, During the Business Cycle, When Economic Activity Is

question 69

Multiple Choice

In general, during the business cycle, when economic activity is peaking:

• A)interest rates begin to creep higher
• B)unemployment levels are low
• C)inflation begins to edge higher
• D)all of the above

---

Definitions:

Lien

In its most extensive meaning, it is a charge on property for the payment or discharge of a debt or duty; a qualified right; a proprietary interest that, in a given case, may be exercised over the property of another.

Charge Against Property

A claim or encumbrance against real estate used as collateral for debt repayment or obligation fulfillment.

Compensation

Financial or other forms of reimbursement provided to individuals or groups for services rendered or as reparation for losses.

Bailee

A person or entity that has been given temporary possession, but not ownership, of personal property by another party known as the bailor.