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Thread: Free CFA Level 1 Practice Questions for December 2012 exam

  1. #71
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    Quote Originally Posted by george22 View Post
    When an investment manager’s client instructs the manager to use the client’s brokerage to purchase goods or services for the client, this is known as;

    A. Horizontal brokerage and does not violate any fiduciary duty
    B. Directed brokerage and does not violate any fiduciary duty
    C. Straight brokerage and does not violate any fiduciary duty

    Answer: B

    Explanation
    It is known as directed brokerage and does not violate any fiduciary duty, because brokerage is an asset of the client and the brokerage is used to benefit that client, not the manager, such practice does not violate fiduciary duty.

    site to practice cfa level 1 practice exam and cfa level 1 mock exams
    Thanks George. Will you post more CFA Level 1 practice questions here?

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    CFA Level 1 practice questions

    Quote Originally Posted by anita123 View Post
    Thanks George. Will you post more CFA Level 1 practice questions here?
    Which of the following investors is likely not to benefit from ETFs?

    A. An institutional investor seeking to invest in emerging markets
    B. A retail investor seeking to invest in Latin American equities
    C. A retail investor seeking diversification

    Answer: C

    Explanation:
    Institutional investors may find it cheaper to create their own emerging market portfolios rather than investing in emerging market ETFs which may have large bid-ask spreads and expense ratios.

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    Thank you George for posting CFA Level 1 sample questions and answers.

  4. #74
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    ETF as well as mutual funds help a retail investor. ETF are more sector oriented and will have good tax advantage when they revolve around certain instruments

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    Do they provide us z-table, t-table, f-distributions, etc

  6. #76
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    Quote Originally Posted by finrup View Post
    Do they provide us z-table, t-table, f-distributions, etc
    Don't worry, they'll provide whatever data is required for solving a question in the exam.

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