[Aug-2023] CFA CFA-Level-I Actual Questions and Braindumps [Q77-Q95]

Q77. For the hypothesis test shown below, the conclusion should be _______.

Q78. For the hypothesis test below, the test value is ______.

Q79. According to the quantity theory of money, which one of the following economic variables would change in response to an increase in the money supply?

Q80. The equation of exchange states that:

Q81. Which technical indictor brings together momentum and trend?

Q82. Consider the following statements:
I). The t distribution is a symmetrical probability distribution defined by a single parameter known as the degrees of freedom.
II). When sample size is small and population variance is not known, the t distribution is used.
III). The use of a t reliability factor is appropriate when the population variance is unknown but we have a large sample and can rely on the central limit theorem to ensure approximate normality of the distribution of the sample mean.
Which is true?

Q83. Characteristics of a population are called ______, while those of a sample are termed _______.

Q84. On May 15, your firm receives 20 cases of designer pens. On June 30, your firm pays $3,250 for the pens. On July 15, the pens are sold on credit for $10,500. On September 10, your firm collects the receivable in full. If each transaction occurs at the end of the business day, how many days are in the inventory period?

Q85. There are two types of auctions. They are:
I). Private value option.
II). Public value option.
III). Common value option.

Q86. What is the term for the bias in your inferences resulting from excessive reliance on the empirical results of others in designing your own analysis?

Q87. If the government regulates a natural monopoly through a policy of average-cost pricing, we would expect that, compared to an unregulated natural monopoly,

Q88. John has a LONG position in 20 October copper futures contracts. If he sells 20 October copper futures contracts, he will have closed his futures position by:

Q89. If the price of a Wii game increases from $32 to $38 and, as a result, consumer purchases decrease, then there has been

Q90. Select the correct statement(s).
I). Different incomes will have differing budget constraint positions. Higher incomes will be closer to the origin, while lower incomes are farther.
II). “More is better” implies budget exhaustion.

Q91. Which of the following statements is (are) true with respect to the usage of the various forms of duration and convexity measures?
I). Holding everything constant, Modified duration will always be higher than Macaulay duration.
II). Both modified duration and Macaulay duration assume that the cash flows from a bond will not be affected by changes in interest rates.
III). If interest rates are low enough, effective duration and modified duration will yield the same results for a callable bond.
IV). When there is increasing likelihood that the issuer will call the bonds, effective convexity should be used as opposed to modified convexity.

Q92. The price in a stock market line chart is usually the:

Q93. Jumbo, Inc. had sales of $8,000 in November, $14,000 in December, and projects sales of $10,000 in
January, $12,000 in February, and $8,000 in March. The firm’s COGS in any given month is equal to 70% of the next month’s sales. The firm collects its receivables in 60 days and pays its payables in 30 days.
The firm begins January 1 with $10,000 in cash. All sales and purchases are on credit. There are no other costs or revenues. What are Jumbo’s total cash disbursements in March? Assume there are 30 days in every month.

Q94. Real gross domestic product is best defined as:

Q95. The measure of central tendency which is sensitive to extreme scores on the higher or lower end of a distribution is the: