CFA-Level-I Exam Question 166

One characteristic of a Giffen good is that it
  • CFA-Level-I Exam Question 167

    Which of the following statements is (are) true regarding currency denomination of a bond?
    I). An issue in which payments to bondholders are in U.S dollars is called a dollar-denominated issue.
    II). A non-dollar denominated issue is one in which payments are not denominated in dollars.
    III). An issue whose coupon payments are in one currency and whose principal payment is in another currency is called a dual-currency issue.
  • CFA-Level-I Exam Question 168

    A firm's average total cost increases as it increases its output by hiring additional workers. The firm's owners blame the increase in per-unit costs on the law of diminishing marginal productivity. Assume all costs are variable costs. The owner's argument:
  • CFA-Level-I Exam Question 169

    You have $10,000 in a savings account. You wish to make a withdrawal of $1,769.84 at the end of every year for the next 10 years. After the tenth withdrawal, the account will have a zero balance. How much must the savings account pay in interest per year?
  • CFA-Level-I Exam Question 170

    According to the no-arbitrage principle, in a well-functioning market an arbitrage profit would result from: