External fundng needs tend to ____ at the end of economic expansion and ____ during recessions. peak; bottom out bottom out; bottom out neither

External fundng needs tend to at the end of economic expansion and during recessions. peak; bottom out bottom out; bottom out neither

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)

7th Edition

ISBN:9780357033609

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter4: Managing Your Cash And Savings

Section: Chapter Questions

Problem 9FPE

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Question

External fundng needs tend to ____ at the end of economic expansion and ____ during recessions.

peak; bottom out

bottom out; bottom out

neither

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