Free Access CFA.CFA-Level-I.v2022-03-06.q736 Practice Test (Page 41)

Question 196

Which of the following is not part of the eight main sections of GIPS?

A.Verification.

B.Calculation methodology.

C.Composite construction.

Question 197

A price-taking firm CANNOT:

A.produce where marginal costs exceed average costs in the short run.

B.earn economic profits in the short run.

C.sustain economic losses in the long run.

Question 198

Which trade policy will have no impact on government revenue?

A.VER.

B.Export subsidy.

C.Import quota.

Question 199

You expect to receive annual payments of $1,000 per year forever. If these payments can be invested at a rate of 8% per year, what is the present value of this perpetuity?

A.infinite

B.$12,500.00

C.$925.93

Question 200

Studies on mutual fund performance indicate

A.Most mutual funds had higher returns than the benchmark portfolio after expenses

B.Most mutual funds had lower returns than the benchmark portfolio after expenses and roughly matched the benchmark portfolio before expenses

C.Most mutual funds had roughly the same returns as the benchmark portfolio after expenses

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Question 196

Question 197

Question 198

Question 199

Question 200

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