Free Access CFA.CFA-Level-I.v2022-03-06.q736 Practice Test (Page 45)

Question 216

In which of the following cases will the total expenditures on a product increase?

A.Market price falls and demand elasticity is -0.7.

B.Market price falls and demand elasticity is -1.7.

C.Market price increases and demand elasticity is -1.3.

Question 217

A discrete probability distribution is the same as:

A.a collection of all possible outcomes of an experiment.

B.an absolute frequency distribution.

C.a relative frequency distribution.

Question 218

An industry experiencing rapidly increasing demand and improving profitability is best characterized as being in the _____ stage.

A.embryonic

B.growth

C.shakeout

Question 219

Which element is "defined" in a defined benefit pension plan?

A.Pay-in formula.

B.Pay-out amount.

C.Pay-out formula.

Question 220

The need for money arises when income is received only occasionally (say once a month) in discrete amounts, but expenditures occur continuously. This type of demand for money is:

A.transactions-related.

B.precautionary.

C.speculative.

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Question 216

Question 217

Question 218

Question 219

Question 220

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