Free Access CFA.CFA-Level-I.v2023-07-10.q797 Practice Test (Page 18)

Question 81

When people pay less for something than it is worth to them, they receive what is called

A.a consumer surplus.

B.an economic benefit.

C.a deadweight loss.

Question 82

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

A.Verification.

B.Calculation methodology.

C.Composite construction.

Question 83

Suggestions for achieving faster long-run economic growth include the following except for:

A.stimulating research and development.

B.stimulating consumption.

C.improving the quality of education.

Question 84

Randy Smith called his broker, Pam Durbin, and asked her to borrow 100 shares of Zylex Corp. stock.
Randy then sold the stock at the current market price of $45 while anticipating that Durbin would be able to buy the stock back for him at a lower price in the future. What type of order did Smith place?

A.Margin order.

B.Short sale.

C.Special order.

Question 85

Which of the following are not correct regarding CFA Institute's GIPS?

A.The GIPS are voluntary standards for the industry.

B.The GIPS are explicitly incorporated in the Standards of Professional Conduct.

C.A firm cannot claim that they were in compliance with the GIPS unless they comply in all required material respects with the GIPS.

Other Version: 2564CFA.CFA-Level-I.v2023-11-17.q478; 3156CFA.CFA-Level-I.v2022-08-25.q182; 12582CFA.CFA-Level-I.v2022-03-06.q736; 109CFA.Prepawayete.CFA-Level-I.v2021-11-06.by.bruce.305q.pdf

Latest Upload: 107GitHub.GitHub-Actions.v2025-10-04.q24; 107Cisco.350-701.v2025-10-04.q562; 161Microsoft.AZ-120.v2025-10-03.q125; 166Huawei.H12-811_V1.0.v2025-10-02.q205; 154PMI.PfMP.v2025-10-02.q265; 133EMC.D-NWR-DY-01.v2025-10-02.q145; 170Salesforce.Public-Sector-Solutions.v2025-10-01.q106; 162Microsoft.SC-300.v2025-10-01.q358; 128Snowflake.DSA-C03.v2025-10-01.q105; 147Fortinet.NSE7_SDW-7.2.v2025-10-01.q108

Question 81

Question 82

Question 83

Question 84

Question 85

Download PDF File