CFA 2019 Level 1 SchweserNotes Book Quiz Bank SS 11 Answers
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Assume that on January 1, 2005, a firm with no Global Investment Performance Standards (GIPS) compliant history since its inception four years ago wishes to claim compliance with
An increase in real interest rates can be expected to decrease business investment and decrease consumption. The impact on government spending and net exports is not
Decreasing the money supply will result in higher short-term interest rates and appreciation of the currency, but will likely cause GDP growth to decrease further in the short
Providing information about changes in a company's financial position is a role of financial reporting. Financial statement analysis focuses on the way companies show their
The indirect method starts with gross income and adjusts to cash flow from operations, while the direct method starts with gross profit and flows through the income statement
Debt covenants may require a firm to maintain a minimum interest coverage ratio (EBIT / interest expense). Manipulating the financial statements to increase the interest coverage
The other statements are true. The strong-form EMH states that stock prices reflect all types of information: market, non-public market, and private. No group has monopolistic access
Put options are in the money (have positive value) at expiration if the spot price of the underlying asset is less than the exercise price, because the put option holder has the
