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How to book CFA CFA-Level-I: CFA Institute CFA Level I Chartered Financial Analyst Exam
You must follow these steps to apply for CFA Level 1:
- Go to the Official Site CFA Level 1
- Carefully read the directions
- Follow the steps mentioned
- Apply for the CFA level 1
Introduction to CFA CFA-Level-I: CFA Institute CFA Level I Chartered Financial Analyst Exam
The complete CFA module is a chartered financial analyst. CFA is one of the most sought-after designations for investment practitioners. This credential is a world-renowned financial accounting and finance certificate from the CFA Institute. The CFA course is known to be the world’s most accepted and identified classification for investment management. Applicants who pursue the course develop a thorough understanding of the stock industry that raises their odds of well-paid careers. In India, industrialization and globalisation fuel the CFA market. Candidates seeking to earn the credentials of the CFA Institute must have three assessment phases conducted by the CFA Institute:
- Level 1, 2 and Level 3 These reviews are conducted in areas such as finance, accounting, security monitoring and money management. Level I exams take place in June and December, and levels II and III only take place in June. For anyone wishing to build a long-term career in the areas of retail, industrial and financial services. In addition, CFA level 1 exam test and CFA level 1 dumps are also available after completion. Since CFA is a curriculum at its own pace, there are no regular courses for applicants.
The benefit of Obtaining the CFA CFA-Level-I: CFA Institute CFA Level I Chartered Financial Analyst Certification
- Instant reputation and industry recognition - creating opportunities for faster professional development
- The pay plan is more appealing
- It is a field that is evolving. In addition to the changing face of medical care in this country, the aging of the population means that there are more pharmacy patients.
- Your CV is going to stand out
- Better opportunities for jobs in the best investment firms
- More profitable and more time than an MBA program
NEW QUESTION 939
It is not uncommon:
- A. in the U.S. to use solely the call approach to operate a secondary stock market
- B. for the NYSE or NASDAQ to operate primarily as a call market
- C. for a continuous market to occasionally use a call market approach
Answer: C
Explanation:
Most secondary markets in the U.S. are mostly continuous markets. The NYSE and other exchanges use a mixed approach, with continuous markets for most trades and call markets in certain times or conditions. The NASDAQ operates only as a continuous market.
NEW QUESTION 940
For the hypothesis test below where the decision is fail to reject H , a Type II error could have been
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committed. A correct discussion of the error would be ______.
- A. Concluding that the length of rods produced by Machine A is 90 cm when in fact the length is not equal to 90 cm.
- B. Going along with the length of rods produced by Machine A is 90 cm when in fact the length is not equal to 90 cm.
- C. Concluding that the length of rods produced by Machine A is not equal to 90 cm when in fact the length is equal to 90 cm.
Answer: B
Explanation:
A Type II error is failing to reject H when H is in fact false. In terms of the problem this says-
0 0
going along with the length of the rods produced by Machine A is equal to 90 cm (fail to reject H : u = 90)
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when in fact the length of the rods is not 90 cm (H : u = 90 is false).
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NEW QUESTION 941
Which of the following are disadvantages of mutual funds?
I). Management fees
II). Loads
III). Wide array of funds available
- A. I and II.
- B. II and III.
- C. I and III.
Answer: A
Explanation:
Management fees and load charges are disadvantages of mutual funds. Loads can be avoided by buying no-load funds but management fees are associated with all funds.
NEW QUESTION 942
If the real growth rate of the economy is 3% and the money supply is increasing at 4%, given that the velocity of money is constant
- A. nominal interest rates will decline by 1%.
- B. the rate of inflation will equal 1%.
- C. prices will decline at the rate of 1%.
Answer: B
Explanation:
According to the quantity theory of money, if the velocity of money does not change,Rate of inflation = Rate of money supply growth - Real growth rate of economy = 4% - 3% = 1%
NEW QUESTION 943
Unrealistically optimistic assumptions about collectability of receivables and loans is an example of
- A. Using unrealistic or inappropriate estimates and assumptions to achieve a desired outcome.
- B. Stretching accounting principles to achieve a desired outcome.
- C. Following GAAP but selecting alternatives within GAAP that bias or distort reported results to achieve a desired outcome.
Answer: A
NEW QUESTION 944
Mr. Boland has discovered from looking at charts of past stock prices that if he buys just after a stock price has declined for three consecutive days, he can make money every time. This is a violation of which of the following?
- A. weak form market efficiency
- B. strong form market efficiency
- C. semi-strong form market efficiency
Answer: A
NEW QUESTION 945
Without the major institutional and regulatory base provided by ______, today's large multinational corporations would be hard to conceive.
- A. World Trade Organization.
- B. International Monetary Fund.
- C. World Bank.
Answer: A
Explanation:
The WTO's framework of global trade rules provides the major institutional and regulatory base.
NEW QUESTION 946
If you are a bondholder for a firm, which of the following ratios would you be most interested in?
I). Times interest earned.
II). Total debt to total assets.
III). Return on equity.
IV). Quick ratio.
- A. I and II.
- B. II and III.
- C. I, II and IV.
Answer: A
Explanation:
Bondholders are interested in the debt utilization ratios which in this case are the times interest earned and total debt to total assets.
NEW QUESTION 947
A stock is expected to pay dividends of 1.75 and 2.00 over the next two years, after which its price is projected at $37.50. If the market's discount rate is 11.5%, what should be the current value of this stock?
- A. $30.23
- B. $33.34
- C. $33.70
Answer: B
Explanation:
The holding period approach requires that cash flows over the next two years be discounted to the present. Cash flows are:
CF1 = 1.75; CF2 = 2.00 + 37.50 = 39.50; Using a financial calculator, PV @ 11.5% = 33.34
NEW QUESTION 948
The country with a comparative advantage in the production of good X is the one that:
- A. has the greatest technical efficiency in producing good X.
- B. can produce good X at the lowest opportunity cost.
- C. can produce good X with the least labor.
Answer: B
Explanation:
Opportunity cost is the only determinant of comparative advantage.
NEW QUESTION 949
A two-asset portfolio with a standard deviation of zero can be formed when
- A. the assets have a correlation coefficient equal to negative one.
- B. the assets have a correlation coefficient equal to zero.
- C. the assets have a correlation coefficient equal to one.
Answer: A
Explanation:
In this case the two assets move in opposite directions 100% of the time.
NEW QUESTION 950
Starr Co. had 1997 sales of $210. Sales for 1998 increase by 15% and cost of goods sold remains
6 5% of sales. Starr Co.'s 1998 income statement will show gross profit of:
- A. $241.50.
- B. $84.52.
- C. $144.90.
Answer: B
NEW QUESTION 951
Even though Mary's income is very low, she makes sure that she purchases enough milk for her family to drink. As her income rises, she does buy more milk. Which graph in Figure 5.3 best represents
Mary's Engel curve for milk?
- A. D
- B. B
- C. C
Answer: C
Explanation:
Note that C indicates that even if her income is very low (zero) she still buys "enough" milk.
NEW QUESTION 952
________ are also known as redeemable common shares.
- A. Exchangeable common shares.
- B. Putable common shares.
- C. Callable common shares.
Answer: C
Explanation:
A callable stock can be recalled or redeemed by the issuer of the stock. Generally, callable stock is issued with a specific redemption price appearing in the terms and conditions of the sale.
NEW QUESTION 953
Which type of demand for money will tend to fall as the perceived risk in other financial assets falls?
- A. transactions-related.
- B. precautionary.
- C. speculative.
Answer: C
Explanation:
Speculative balances will tend to be directly related to the perceived risk of other financial assets.
NEW QUESTION 954
Almost all bonds and currencies trade in:
- A. Order-driven markets.
- B. Brokered markets.
- C. Quote-driven markets.
Answer: C
Explanation:
In a quote-driven market customers trade at the prices quoted by dealers.
NEW QUESTION 955
eRetailer.com is borrowing $1 million at 10% for a year on a discount basis with a bank. How much in funds are available for use? What is the effective cost of interest?
- A. $1,000,000; 10.0%
- B. $900,000; 11.1%
- C. $900,000; 10.0%
Answer: B
Explanation:
On a discount basis, the interest is subtracted from the amount borrowed ($1 million -
$ 100,000 interest) and the effective cost is $100,000 / $900,000 = 11.1%.
NEW QUESTION 956
If two events A and B are mutually exclusive, what does the special rule of addition state?
- A. P(A or B) = P(A) + P(B)
- B. P(A and B) = P(A) + P(B)
- C. P(A and/or B) = P(A) +P(B)
Answer: A
Explanation:
The key word is that these events are mutually exclusive. So P(A or B) = P(A) + P(B). The probabilities stand alone.
NEW QUESTION 957
Which of the following test statistics should be used when conducting a hypothesis test for the equality of the variances of two populations?
- A. t-distribution.
- B. F-distribution.
- C. Chi-square.
Answer: B
Explanation:
Given the conditions stated, the F-distribution rules should be used.
NEW QUESTION 958
Which statement is false?
- A. The majority of GDRs are denominated in U.S. dollars.
- B. GDRs cannot be sold to investors based in the U.S.
- C. An ADR is one form of GDR.
Answer: B
Explanation:
GDRS are not listed on U.S. exchanges but they can be privately placed with institutional investors based in the U.S.
NEW QUESTION 959
The line of best fit for a scatter diagram showing the rates of return of an individual risky asset and the market portfolio of risky assets over time is called the ______.
- A. security characteristic line.
- B. capital asset pricing model.
- C. security market line.
Answer: A
Explanation:
The security characteristic line is the line of best fit for a scatter diagram showing the excess rates of return of an individual risky asset and the excess return of market portfolio of risky assets over time.
NEW QUESTION 960
Which of the following factors is held constant when an economist constructs a demand schedule for a product?
I). prices of complements and substitutes.
II). expectations about the future price of the product. III consumer tastes and preferences
III). consumer tastes and preferences.
- A. I, II and III.
- B. II and III.
- C. I and III.
Answer: A
Explanation:
An economist constructing a demand curve is concerned only with how consumers react to varying prices of a good. Thus, the price of complementary or substitutes goods is held constant, consumer tastes and preferences are held constant and expectations of future prices are also held constant. The only varying element used in the construction of the schedule is price: the demand curve plots the level of demand associated with different prices of the good.
NEW QUESTION 961
The current exchange rate between Thai bahts and US dollars is 35 baht/$1. The one year interest rate available on US treasury securities is 4.5%, and the equivalent rate on Thai debt instruments is
13.5%. According to interest rate parity, what should the one year forward Baht/$ exchange rate be?
- A. 39.725
- B. 38.014
- C. 36.575
Answer: B
Explanation:
F/35 = (1 + 0.135)/(1 + 0.045);F = 38.014, remember the higher interest rate currency is expected to depreciate.
NEW QUESTION 962
When an economy dips into a recession, automatic stabilizers will tend to alter government spending and taxation so as to:
- A. ensure that the budget will remain in balance.
- B. enlarge the budget deficit (or reduce the surplus).
- C. reduce interest rates, thus stimulating aggregate demand.
Answer: B
Explanation:
Automatic stabilizers are built in features of the economy that tend to promote a budget deficit during a recession. Thus transfer payments such as unemployment compensation increase during a recession (since output has contracted) and government spending increases.
NEW QUESTION 963
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