Which of the Following Is Not True of a Time

question 3

Multiple Choice

Which of the following is not true of a time series with a cyclical component?

• A) It has wavelike fluctuations lasting from several months to several years.
• B) It is difficult to analyze because cycles vary in length and amplitude.
• C) It typically coincides with business cycles in the economy.
• D) It has wavelike fluctuations always lasting less than a year.

---

Definitions:

Credit Costs

The expenses associated with borrowing money, including interest rates and fees.

Truth in Lending Act

A federal law designed to promote informed use of consumer credit by requiring disclosures about its terms and cost.

Accurate Information

Data or details that are precise, correct, and free from error.

Competence

The ability or capacity to do something effectively, often referring to the requisite skills, knowledge, and experience needed to perform tasks successfully.