THE AUTOMOTIVE INDUSTRY IS A CYCLICAL INDUSTRY HENCE SPREADS GET AFFECTED DURING ECONOMIC DOWNTURNS

9. - CFA 2018 LEVEL 2 PORTFORLIO QUESTION BANK R50 ECONOMICS AND INVESTMENT MARKETS Q BANK
CFA 2018 LEVEL 2 PORTFORLIO QUESTION BANK R50 ECONOMICS AND INVESTMENT MARKETS Q BANK

9. C is correct. The automotive industry is a cyclical industry hence spreads get affected during

economic downturns. Section 5.2. LO.g.