The term business cycle most closely refers to the A) ...

[serike]

The term business cycle most closely refers to the
 
  A) fluctuating profits of firms.
  B) fiscal year.
  C) accounting period used by firms.
  D) alternating periods of expansions and recessions.

Question 2

When a depository institution pools risk, it
 
  A) buys short and lends long.
  B) borrows reserves from the Federal Reserve.
  C) spreads loan losses across many depositors so that no one depositor faces a high degree of risk.
  D) makes loans to just one firm.

[emilymalinowski12]

Answer to Question 1

D

Answer to Question 2

C

[serike]

Thanks for the timely response, appreciate it

[samiel-sayed]

Gracias!