Free Access CMTAssociation.CMT-Level-II.v2022-01-26.q95 Practice Test (Page 5)

Question 16

The Efficient Market Hypothesis assumes that:
I. Most investors will act rationally
II. Most investors will act irrationally
III. Prices typically reflect all available information
IV. Prices typically do not reflect all available information

A.II & IV

B.I & IV

C.I & III

D.II & III

Question 17

Which of the following is the short-term trading cycle that tends to influence most commodity markets?

A.10-day

B.19-day

C.12-day

D.28-day

Question 18

Which of the following BEST describes equity market performance during the presidential election cycle:

A.Market has a below average year during first year of president's term, posts its strongest returns during the pre-election year or in the election year

B.Market has an above average year during first year of president's term, posts negative returns during the pre-election year and its strongest returns in election years

C.Market has a below average year during first year of president's term, posts its strongest returns in the second year and reasonably strong returns during the pre-election and election years

D.Market has its strongest year during first year of president's term, posts its worst returns during the pre-election year and slightly negative returns in election years

Question 19

Which of the following is a true statement according to Elliott Wave Theory?

A.A trend divides into three waves in the direction of the next longer trend

B.A complete bull market cycle is made up of eight waves, three waves up followed by five waves down

C.The two types of simple corrections are zigzags and flats

D.Corrections always take place in five wave patterns

Question 20

Which of the following actions would be a violation of the Standard VII(A) Conduct as Participants in CFA Institute Programs?

A.Exaggerating the implications of holding the CFA designation.

B.Using the CFA designation without submitting a Professional Conduct Statement and paying annual dues.

C.Misrepresenting information on the Professional Conduct Statement.

D.Participating in a civil disobedience movement to oppose a government action.

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Question 16

Question 17

Question 18

Question 19

Question 20

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