单选题In a simple economy with no foreign sector
单选题A member receives referral fees consideration from individuals outside the member's firm for the recommendation of a financial service. According to the Standards of Professional Conduct, before entry into any formal agreement for the service, the member is required to disclose to their employer, clients and prospective clients: A. only the nature of the consideration. B. only an estimated dollar value of the consideration. C. both the nature and the estimated dollar value of the consideration.
单选题Changes in which of the following are likely to affect interest
rates? Ⅰ. Inflation expectations
Ⅱ. Size of the federal deficit Ⅲ. Money supply
A. Ⅰ and Ⅱ only.
B. Ⅱ and Ⅲ only.
C. Ⅰ, Ⅱ, and Ⅲ.
单选题The idea behind the Laffer curve is that increases in tax rates do not
increase tax revenues proportionately because they decrease the:
A. demand for labor.
B. supply of labor.
C. productivity of labor.
单选题Which of the following best describes the underlying principles upon which the Global Investment Performance Standards (GIPS) are based?
单选题AcompanythatusesInternationalFinancialReportingStandards(IFRS)enteredintoathree-yearconstructionprojectwithatotalcontractprice(allfiguresinthousands)of$5,300andexpectedcostsof$4,400.Atinception,theoutcomeofthecontractcouldnotbereliablymeasured,butthecompanydidexpecttorecoveritscosts.Actualresultsareshowninthefollowingtable:Theamountofrevenue(inthousands)thecompanyrecognizedinYear2wasclosestto:
单选题Which of the following is a general problem associated with external credit enhancements? External credit enhancements: A. only provide protection against systematic risk, not against idiosyncratic risk. B. are very long-term agreements and are therefore relatively expensive. C. are subject to the credit risk of the third-party guarantor.
单选题Which form (s) of the efficient market hypothesis (EMH) is/are tested
by measuring a security's excess returns with respect to market returns while
considering the security's market risk?
A. Weak-form.
B. Semi-strong form.
C. Strong-form.
单选题Which of the following financial ratios is least likely to be affected by classification of deferred taxes as a liability or equity?
单选题If X has a normal distribution with μ=100 and σ=5, then there is
approximately a 90% probability that:
A. P(90.2＜X＜109.8).
B. P(87.1＜X＜112.9).
C. P(91.8＜X＜108.3).
单选题A major brokerage house is currently selling an investment product that offers an 8 percent rate of return, compounded monthly. Based on this information, it follows that this investment has（ ）
单选题A small country has a comparative advantage in the production of pencils
单选题An investor purchases a stock and sells it ten week later and gathers the following information. Purchase price ￥110 Dividend received ￥11 Sell price ￥121 The investor's holding period return is closest to: A. 18.0% B. 20.0% C. 22.0%
单选题According to the Standards of Practice Handbook, which of the following statements about fair dealing is least accurate? The Standard related to fair dealing: A. states that members should treat all clients equally. B. imposes a duty with respect to both clients and prospective clients. C. pertains to both investment recommendations and investment actions.
单选题Vivian, CFA, a research analyst assigned to Double Limited, has been recommending the stocks purchase in her quarterly report. Vivian has recently married and just discovered her husbands trust account owns several million dollars worth of Double Limited. The stock makes up more than 50 percent of the trusts value but less than 5 percent of Double Limiteds outstanding shares. According to AIMR Standards of Professional Conduct, Vivian should（ ）
单选题If the company pays a dividend of $ 0.75, the return on the investment would be closest to:
单选题A two-tailed t-test of the hypothesis that the population mean differs from zero has a p-value of 0
单选题Which action is most likely considered a secondary source of liquidity?
单选题A&G Inc."s receivable turnover is six times, the inventory turnover is two times, and the payables turnover is fifteen times. A&G"s cash conversion cycle is closest to:
单选题When considering two mutually exclusive capital budgeting projects with conflicting rankings (one has the higher positive NPV, the other has a higher IRR), the most appropriate conclusion is to choose the project with the: