单选题If the consumer price index (CPI) at year-end was 142 and the beginning of the year was 135, then the rate of inflation during the year is:
单选题A columnist is discussing how the efficient quantity of output for a good or service is determined. These two statements appear in his column: Statement 1: The equilibrium quantity of production for a good or service can be considered efficient as long as the marginal social benefit of that quantity is greater than its marginal social cost. Statement 2: Subsidies and quotas typically result in production of a good or service in quantities at which the marginal social cost exceeds the marginal social benefit. Are these statements correct? Statement 1 Statement 2 A. Correct Correct B. Correct Incorrect C. Incorrect Incorrect
单选题TocomplywiththeGlobalInvestmentPerformanceStandards(),whichofthefollowingaccountsafirmclaimingcomplianceshouldincludewhenbuildingacompositeforperformance?A.non-fee-payingaccounts.B.terminatedaccounts.C.non-discretionaryaccounts.
单选题Which of the following statements regarding a commodity index is most accurate?
单选题Trayfield has recently hired a new accountant, Judy Roehk. Upon reviewing Trayfield's financial statements, Roehk has determined that Trayfield should be utilizing the double-declining balance (DDB) depreciation method rather than straight-line method. If Trayfield switches to the DDB method, which of the following results would be least likely? A. Estimated future income will need to be revised. B. A gradual change in income. C. Depreciation expense increases.
单选题A monopolist will expand production until: A. P = MC and the price of the product will be determined by the MC curve. B. MR = MC and the price of the product will be determined by the demand curve. C. P = MR and the price of the product will be determined by the ATC curve.
单选题Peter Wallace wants to deposit $10000 in a bank certificate of deposit (CD). Wallace is considering the following banks: ? Bank A offers 5.72 percent annual interest rate compounded quarterly. Bank B offers 5.75 percent annual interest rate compounded monthly. Bank C offers 5.70 percent annual interest compounded daily. Which bank offers the highest effective interest rate and how much?
单选题Which of the following items would NOT be included in cash flow from investing?
单选题If D represents checkable deposits, R represents reserves and r represents the required reserve ratio, the equation that expresses the relationships among the variables is:
单选题Which of the following statements is least accurate regarding being a part of Standard Ⅲ (B), Fair Dealing? A. At the same time notify clients for whom an investment is suitable of a new investment recommendation. B. Maintain a list of clients and their holdings. C. Shorten the time between decision and dissemination.
单选题In the long run, a perfectly competitive firm will earn?
A. Small economic profits.
B. Large accounting profits.
C. Zero economic profits.
单选题Income elasticity is defined as the:
A. percentage change in income divided by the percentage change in the
quantity demanded.
B. change in quantity demanded divided by the change in income.
C. percentage change in the quantity demanded divided by the percentage
change in income.
单选题Margie Germainne, CFA, is a risk management consultant who has been asked by a small investment bank to recommend policies to prevent bank employees from front running client orders
单选题In the long run, when the economy is at full employment, will a decrease in the quantity of money due to restrictive monetary policy that brings a decrease in aggregate demand likely result in:
the price level? real GDP?
①A. No No
②B. No Yes
③C. Yes No
A. ①B. ②C. ③
单选题Which of the following is most likely considered an example of matrix pricing?
单选题An analyst does research about the installment method and gathers the following information about a piece of property transaction: ·Sales price is $800000 ·Cost of the property is $350000 ·Down payment received by seller is $150000 Under the installment method, the profit recognized by the seller attributable to the down payment is closest to: A. $0 B. $84375 C. $192857
单选题William Bonney, CFA, is writing an investment policy statement for one of his high net worth clients, Joey Rook. Rook is a retiree who receives Social Security benefits but because he was self-employed, has no pension income. He has a portfolio of $ 1.2 million and recently purchased a vacation cabin requiring mortgage and maintenance expenses of $ 6000 per month. After meeting with his client, Bonney writes the following policy statement: "The total return objective is to earn 6% after-tax. At no time should the principal amount decline in value by more than 15%." The most valid criticism of this return objective statement is that: A. it considers only the after-tax return. B. the return objective is too conservative and the risk allowed is unrealistically low in today's market. C. it fails to consider current income.
单选题An investor purchases one share of stock for $85
单选题A buyer would face the greatest risk of default with:
单选题Assume a company's ROE is 14% and the required return on equity is 13%. All else remaining equal, if there is a decrease in a firm's retention rate, a stock's value as estimated by the constant growth dividend discount model (DDM) will most likely: A. increase. B. decrease. C. not change.