单选题In a CFA study seminar, the following comments were made:
Comment 1: "In the short run, an increase in demand in a perfectly competitive industry will result in negative economic profit for some firms in the industry. "
Comment 2: "In the long run, a permanent increase in demand in a perfectly competitive industry will result in zero economic profit for the firms in the industry. "
Which of the following best describes the accuracy of these comments?
Comment 1 Comment 2
①A. Correct Correct
②B. Correct Incorrect
③C. Incorrect Correct
A. ①B. ②C. ③
单选题Holding all other characteristics the same, the bond exposede to the greatest level of reinvestment risk is most likely the one selling at:
单选题Default risk in a forward contract: A. only applies to the long, and is the probability that the short can not acquire the asset for delivery. B. is the risk to either party that the other party will not fulfill their contractual obligation. C. is lessened by the mark-to-market feature found in a typical forward contract.
单选题As compared to an equivalent non-callable bond, a callable bond's yield should be:
单选题In a plain vanilla interest rate swap: A. the notional principal is swapped. B. only the net notional principal is swapped. C. only the net interest payments are swapped.
单选题A company has just purchased a banker"s acceptance for $37500. The acceptance will mature in 90 days for $40000. The bank discount yield (BDY) and the bond equivalent yield for this security are closest to:
bank discount yield BDY) bond equivalent yield
① 25.0% 22. 6%
② 25.0% 26.7%
③ 25.3% 26.7%
单选题An investor is least likely exposed to reinvestment risk from owning, a(n):
单选题Which of the following is the most accurate definition of the velocity
of money? The velocity of money is the:
A. GDP of a country divided by its price level.
B. money supply of a country divided by its price level.
C. GDP of a country divided by its money supply.
单选题New classical economists believe expansionary fiscal policy has no
affect on aggregate demand because:
A. fiscal policy does not influence monetary policy.
B. fiscal policy substitutes government demand for private sector
demand.
C. consumers will decrease spending and increase savings in anticipation of
higher taxes to repay government borrowing.
单选题Kim Klausner, CFA, monitors several hundred employees as head of compliance for a large investment advisory firm
单选题An analyst does research about cash flow calculation. The indirect method of reporting cash flow from operating activities most likely begins with: A. net income. B. depreciation and amortization. C. changes in balance sheet accounts.
单选题Matthew Reeves is listening to a discussion on how resources move to the most efficient allocation. Two of the participants make these statements: Statement 1: When resources are diverted from beer production to wine production, this represents an inefficient allocation from the perspective of the beer producers. Statement 2: Market allocation of resources tends toward efficiency because the value of what a resource can produce determines its allocation in production. Should Reeves agree or disagree with these statements? Statement 1 Statement 2 ①A. Disagree Agree ②B. Agree Agree ③C. Agree Disagree
单选题Given P(X =2, Y= 10) =0.3, P(X=6, Y=2.5) =0.4, and P(X =10,Y=0)=0.3, then Cov(XY) is:
单选题Which of the following is the most correct statement about stated and
effective annual interest rates?
A. The stated rate adjusts for the frequency of compounding.
B. The nominal rate is used to find the stated rate.
C. The stated annual interest rate is used to find the effective annual
rate.
单选题
Based on the following data to
answer A company had the following changes in its balance sheet
accounts: An increase in accounts receivable $
50 A decrease in accounts payable $
40 An increase in inventory
$ 60 Sale of common stock
$150 Repayment of debt
$
20 Depreciation
$10 Net Income
$ 700
单选题VerificationofcompliancewiththeGlobalInvestmentPerformanceStandards():A.maybeperformedonasinglecomposite.B.isrequiredforafirmtoclaimcompliance.C.requirestheverificationreporttobeissuedfortheentirefirm.
单选题 试根据表所提供的信息解答问题。
{{B}}股票指数的相关信息{{/B}}
2010年3月31日
2010年4月30日
股价(美元)
发行股数(1000股)
股价(美元)
发行股数(1000股)
股票A股票B股票C
15268
270060001400
12305
270060001400
单选题A country having a current account deficit most likely will still be able to consume more output than it produces by:
单选题Which of the following relationships in regard to the equation of exchange is least accurate? A. Nominal GDP = (Price) (Real Output). B. Nominal GDP = (Money Supply) (Velocity) = (Price) (Real Output). C. Nominal GDP = (Price) (Money Supply).
单选题If an oligopoly is characterized by fierce competition, in long-run equilibrium the firms in the market will earn: