A. the industry is heavily regulated. B. they are entrusted to protect clients’ assets. C. the profession requires compliance with its code of ethics. 相关知识点: 试题来源: 解析 Solution: B. Investment professionals have a special responsibility because clients entrust them to protect the clie...
Runkle, CFAThe first quintile is the 20th percentile. The first decile is the 10th percentile, the first quartile is the 25th percentile, and the median is the 50th percentile. While it is possible that these various percentiles or some subsets of them might be equal (for example the 10th ...
A. Appreciation is a fall in E when the exchange rate floats while revaluation is a rise in E when the exchange rate is fixed. ; B. Appreciation is a rise in E when the exchange rate floats while revaluation is a rise in E when the exchange rate is fixed. ; C. Appreciation is a...
A and B are incorrect because an interbank offered rate such as Libor or Euribor is a set of reference rates (not a single reference rate) for different borrowing periods of up to one year (not 10 years).【释义】Libor或Euribor等银行间同业拆息率是一组最长为一年(而不是10年)的不同借款...
A. All legal behavior is ethical behavior. B. Some ethical behavior may be illegal. C. Legal standards represent the highest standard. 相关知识点: 试题来源: 解析 Solution: B. Some ethical behavior may be illegal. Civil disobedience is an example of what may be illegal behavior that some ...
A. Increased regulations are the most useful means to reduce unethical behavior by market participants. B. Regulators quickly design and implement laws and regulations to address practices that adversely affect the fairness and efficiency of markets. C. New laws D. esigned to reduce or E. liminat...
Which of the following statements is most accurate() A. Forward contracts require that both parties to the transaction have a high degree of creditworthiness. B. Forward contracts are marked to market daily. C. Futures contracts have more default risk than forward contracts. 相关知识点: ...
Explain the need for accruals and other adjustments in preparing financial statements.The statement about accrued expenses is correct; a valuation adjustment for an asset converts its historical cost to current market value; accrued revenue arises when revenue has been earned but not yet received....
Inflation is defined as a persistent increase in the price level over time. Inflation indicates that there has been a general decline in the purchasing power of a currency. Inflation reduces economic output by increasing transactions costs and reducing investment rates. Fixed-rate borrowers gain at ...
Which of the following statements is most accurate? Ethical principles are sets of beliefs centered around: A.societies’ views on what is considered good or bad conduct. B.acceptable conduct based on the direct and indirect consequences on others. C.rules established by a government with re...