Canadian Securities Course (CSC) Practice Exam

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Study for the Canadian Securities Course Exam with our comprehensive practice test. Explore flashcards and multiple-choice questions, each with detailed hints and explanations. Prepare for your CSC exam with confidence!

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What economic conditions characterize an "Expansion" phase?

High unemployment rates
Declining stock market
Rising market activity
Decreasing inventory

The correct answer is: Rising market activity

An "Expansion" phase is characterized by strong economic growth, which typically leads to rising market activity. This is because consumer spending increases, businesses are making more profits, and overall economic activity is on the rise. The other options are incorrect because they do not align with the positive economic conditions associated with an expansion phase. High unemployment rates and declining stock market typically occur during a recession or downturn, and decreasing inventory may suggest a slowdown in consumer demand.