Question

Invoice and Payment are included in _______ phase of trade cycle.

a) Presale b) Execution c) Settlement d) After Sale​

Answer 1

Answer:

$presale$

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Answer 2

Answer:

A full trade cycle has got four phases: (i) Recovery, (ii) Boom, (iii) Recession, and (iv) depression. The upward phase of a trade cycle or prosperity is divided into two stages—recovery and boom, and the downward phase of a trade cycle is also divided into two stages—recession and depression.

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