题目内容

All else being equal, a companys cash flow from operating activities for 2008 will most likely be greater than that companys net income for 2008 if, compared with the beginning of the year, the compan

A. Prepaid expenses
B. Accounts payable
C. Accrued liabilities

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If the central bank unexpectedly shifts to a more restrictive monetary policy, the most likely effect is:

An increase in real interest rates.
B. A decrease in real interest rates.
C. An increase in asset prices.

Bill Kimm, CFA owns an asset management firm with offices downtown. To minimize rent expenses, each year Bill ships the previous years research records to a nearby warehouse. There, the reports are di

A. Yes.
B. No,because he did not retain the copies in his offices.
C. No,because he failed to retain the original documents.

Hal Chen, CFA, develops marketing materials for an investment fund he founded three years ago. The materials show the 3-, 2- and 1-year returns for the fund. He includes a footnote that states in smal

A. No.
B. Yes,because he included un-audited and unverified results.
C. Yes,because he did not adhere to the global investment performance standards.

Which of the following has the greatest liquidity needs on average?

A. Investment companies.
B. Non-life insurance companies.
C. Banks.

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