Online Access Free CFA.CFA-Level-I.v2022-06-09.q582 Practice Test (Page 92)

CFA-Level-I Exam Question 451

Brokerage firm A provides the lowest cost for trade execution. Brokerage firm B has higher costs but also provides research that your firm can use to make investment decisions beneficial to clients.

A.Your firm can use either firm because they are providing a different combination of services.

B.Your firm can use firm B only if the research would be purchased anyway and the combined cost is lower at B

C.Your firm is obliged to trade with firm A

CFA-Level-I Exam Question 452

What is the median of the following observations: 34,21,89,45,66,11,38,57?

A.41.5

B.55.5

C.23.0

CFA-Level-I Exam Question 453

Which element is "defined" in a defined benefit pension plan?

A.Pay-in formula.

B.Pay-out amount.

C.Pay-out formula.

CFA-Level-I Exam Question 454

In a descending triangle, the trendline that connects multiple lows during the line:

A.is horizontal.

B.slopes upward.

C.slopes downward.

CFA-Level-I Exam Question 455

The following figure shows Bobby's indifference map for soda and juice. B1 indicates his original budget line. B2 indicates his budget line resulting from a decrease in the price of soda. What change in quantity best represents his substitution effect?