CFA考试历年真题精选5（附详解）
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1、An increa in which of the following items will most likely result in a wider confidence interval for the population mean?【单选题】
A.Degrees of freedom
B.Sample size
C.Reliability factor
正确答案:C
答案解析:An increa in the reliability factor (the degree of confidence) increas the width of the confidence interval. Increasing the sample size and increasing the degrees of freedom both shrink the confidence interval.Sections 4.2, 4.3
宝宝多大会翻身2、The market demand function for item X is a function of its price, houhold income, and the price of item Y.Given the above elasticity coefficients for the two items, which of the following statements is most accurate?【单选题】
A.X and Y are substitutes.
B.Demand for X is elastic.
C.Item X is an inferior good.
正确答案:A
答案解析:“Demand and Supply Analysis: Introduction,” Richard V. Eastin and Gary L. Arbogast, CFAA is correct. The cross-price elasticity is positive, indicating that as the price of Y increas, more of X is demanded, making X and Y substitutes.
3、A company entered into a three-year construction project with a total contract price (all figures in ‘000s) of $5,300 and expected costs of $4,400. The company rec
ognizes revenue using the percentage of completion method. The data below relate to the contract.The amount of revenue (in $‘000s) the company will recognize in Year 2 is clost to:【单选题】
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A.1,766.
B.2,409.
C.3,000.
正确答案:B
答案解析:“Understanding Income Statements,” Elaine Henry, CFA and Thomas R. Robinson, CFA[1663201704061-image/0396.jpg]
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唇色太深如何淡化4、Using the company’s income statement prented, its degree of operating leverage is clost to:[1664201704061-image/0249.jpg]【单选题】
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A.1.1.
B.1.7.
C.2.4.
正确答案:C
答案解析:“Measures of Leverage,” Pamela Peterson Drake, Raj Aggarwal, Cynthia Harrington, and Adam Kobor[1664201704061-image/0250.jpg]
一块橡皮英语5、A futures trader takes a long position of 10 contracts. The initial margin requirement is $10 per contract and the maintenance margin requirement is $7 per contract. She deposits the required initial margin on the trade date. On Day 3, her margin account balance is $40. What is the variation margin on Day 4?【单选题】
A.$30
B.$60
C.$70
正确答案:B
答案解析:“Futures Markets and Contracts,” Don M. ChanceB is correct becau on any day when the balance in the margin account falls below the maintenance margin, the trader must deposit sufficient funds to bring the balance back up to the initial margin requirement. This additional amount is called the “variation margin.” Therefore, $100 – $40 = $60 variation margin.
6、Lynn Hampton, CFA, is a well-respected private wealth manager in her communitywith a diversified client ba.The local government decides to construct alarge factory manufacturing chemical raw materials near her community, whichresults in a demonstration protesting the decision.She is arrested and convincedof her conduct, and immediately relead.After she pays a fine, she returns towork.She is most likely violated the Professional Conduct Standards?【单选题】
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