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Pia Nilsson is a sole proprietor investment advisor. The economic recession has reduced the number of clients she advises and caused revenues to decline. As a result, Nilsson has not paid her CFA Inst

A. Nonpayment of CFA Institute membership dues
B. Attributing her superior returns to participation in the CFA Program
C. Indicating that being a CFA charter-holder has enhanced her portfolio management skills

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A company suffered a substantial loss when its production facility was destroyed in an earthquake against which it was not insured. Geological scientists were surprised by the earthquake as there was

A. Net of taxes if it reports under U.S. GAAP.
B. As an extraordinary item if it reports under IFRS.
C. As an unusual item if it reports under U.S. GAAP.

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In the classification of currency regimes, a currency board system （CBS） most likely differs from a fixed-rate parity system in that:

A CBS has a discretionary target level of foreign exchange reserves.
B. A CBS can peg to a basket of currencies but a fixed-rate system cannot.
C. The monetary authority within a CBS does not act as a traditional lender of last resort.

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A subset of a population is best described as a:

A. sample
B. statistic
Conditional distribution.

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Adira Badawi, CFA, who owns a research and consulting company, is an independent board member of a leading cement manufacturer in a small local market. Because of Badawis expertise in the cement indus

A. Makes full disclosure to both companies
B. Receives written permission from the local company
C. Signs confidentiality agreements with both companies

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Pia Nilsson is a sole proprietor investment advisor. The economic recession has reduced the number of clients she advises and caused revenues to decline. As a result, Nilsson has not paid her CFA Inst

A. Nonpayment of CFA Institute membership dues B. Attributing her superior returns to participation in the CFA Program C. Indicating that being a CFA charter-holder has enhanced her portfolio management skills

A company suffered a substantial loss when its production facility was destroyed in an earthquake against which it was not insured. Geological scientists were surprised by the earthquake as there was

In the classification of currency regimes, a currency board system （CBS） most likely differs from a fixed-rate parity system in that:

A subset of a population is best described as a:

Adira Badawi, CFA, who owns a research and consulting company, is an independent board member of a leading cement manufacturer in a small local market. Because of Badawis expertise in the cement indus

A. Nonpayment of CFA Institute membership dues
B. Attributing her superior returns to participation in the CFA Program
C. Indicating that being a CFA charter-holder has enhanced her portfolio management skills