All of the following are characteristics of a well functioning securities market except:
A. Internal information efficiency which can lead to variable transaction costs.
B. It would provide timely and accurate information and transaction data.
C. It would provide liquidity(marketability,price continuity,and depth).
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Wang Gang, CFA, is a bank industry research analyst for a large broker and dealer firm. He is attending a company presentation for Mellon Bank with a small group of analysts from other companies. A co
A. Must refrain from discussing the information with anyone else.
B. May act on this information as it is no longer material,non-public information when public.
C. Should encourage the company that issued the information to make it public as soon as possible.
Which of the following statements regarding the verification of a companys claim to be in compliance with the GIPS standards is not true?
An initial verification must cover a minimum period of five years.
B. A verifier may accept the work of a previous verifier as part of the basis opinion.
C. Verification reports must confirm that the firm has complied with all GIPS requirements on a firm-wide basis.
According to the CFA Institute Standards of Professional Conduct, beneficial security ownership that might impair ones professional judgment must be disclosed to all of the following except:
A. Clients
B. Prospects
C. Fellow members employed by the same firm
With respect to the different views about short-term fluctuations in the economy, what is the primary driver of aggregate demand according to the:
Keynesian view? Classical view?With respect to the different views about short-term fluctuations in the economy, what is the primary driver of aggregate demand according to the:
Keynesian view? Classical view?
A. Futureexpectations Technologicalchange
B. Futureexpectations Thesupplyofmoney
Currentpricelevel Technologicalchange