n NISM Certifications
XV NISM Series XV
Medium

Low consumer confidence is most commonly observed during which phase of the business cycle?

Practice question from NISM XV Mock Test 3 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. Recession

    Correct answer

  2. B

    Slow down

  3. C

    Recovery

  4. D

    Boom

Why this is the answer

Job losses, falling income, and uncertainty during recessions reduce consumer confidence.

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