首页 | 学习中心 | 注册 登录
返回列表 发帖
morebeans

Rank: 2

UID
223354 
帖子
192 
主题
39 
注册时间
2011-7-11 
最后登录
2016-4-19 
1# 跳转到 » 倒序看帖
打印
tT
发表于 2011-7-13 16:25 | 只看该作者

Two questions...

because, domestic, standards, only
Hey guys,

1. A friend of mine had said that the L2 ethics portion questions require you to memorize the numbers of the standards - for instance, IIB, IIIA etc, because you would get questions that specifically refer only to the number and not what the standard is. However all CFAI and Schweser mock questions don't seem to do this and I've been doing fine on ethics overall - should I memorize the numbers?

2. For formulas that use domestic/foreign rates/currencies, is there a surefire way to know which rate/currency is domestic and which is foreign? For example, FCRP, IRP, RPP, etc.This messes me up from time to time.

Thanks!
收藏 分享

sameeragarwal

Rank: 2

UID
223414 
帖子
347 
主题
11 
注册时间
2011-7-11 
最后登录
2014-8-6 
2#
发表于 2011-7-13 16:25 | 只看该作者
1. don't have to "Standard 2A, 3B" etc, by title

2. $/Yen --> $ is the domestic currency, Yen the foreign currency

TOP

wxs1986

Rank: 2

UID
217987 
帖子
284 
主题
142 
注册时间
2011-5-25 
最后登录
2012-9-12 
3#
发表于 2011-7-13 16:25 | 只看该作者
1. No, you don't have to memorize the numbers of the standards.

2. Just remember that the base currency is always represented in the denominator...with the exception of calculating the change in the real exchange rate (PM section). This also had me confused for a while, until it all became clear.

$:EUR = $ is base currency

$/EUR = EUR is base currency

TOP

scarecrow

Rank: 2

UID
218000 
帖子
278 
主题
132 
注册时间
2011-5-25 
最后登录
2012-9-12 
4#
发表于 2011-7-13 16:25 | 只看该作者
Your first question, Yes

Your second question,...EUR/$ means euros per dollar

A slash means that the $ is the base

A colon means that the EUR is the base


And any time the question says "per" currency, that following "per" currency is the base



Edited 1 time(s). Last edit at Monday, May 31, 2010 at 02:46PM by dapoopa.

TOP

ppls

Rank: 2

UID
217812 
帖子
300 
主题
165 
注册时间
2011-5-24 
最后登录
2012-9-12 
5#
发表于 2011-7-13 16:25 | 只看该作者
: equals in

/ equals per

TOP

eoin

Rank: 2

UID
223396 
帖子
309 
主题
9 
注册时间
2011-7-11 
最后登录
2016-4-19 
6#
发表于 2011-7-13 16:25 | 只看该作者
justinkc Wrote:
-------------------------------------------------------
> The domestic currency is whoever the investor is.
> You cant assume that you are given a direct quote
> and then the quote on top is the domestic
> currency. If they give you an indirect quote you
> have to take the inverse is order to get the
> domestic currency in the numerator.

This is what I was suspecting - so if this is the case then, how do you know for sure who the investor is? It's not really clear in some of the questions

TOP

Swanand

Rank: 2

UID
223442 
帖子
402 
主题
11 
注册时间
2011-7-11 
最后登录
2016-4-19 
7#
发表于 2011-7-13 16:25 | 只看该作者
I'm with brafique and Justin!
Good Night !

TOP

kingstongal

Rank: 2

UID
223407 
帖子
318 
主题
8 
注册时间
2011-7-11 
最后登录
2014-8-2 
8#
发表于 2011-7-13 16:25 | 只看该作者
I think this confusion/trick only comes up with FCRP, and then they have to tell you from what perspective. If its just a future price question is doesn't matter you just multiply across by whatever the currencies are.

TOP

返回列表