CFA Level 1 －模考试题(3)（PM）－Q31-35

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Question 31

Which of the following is most likely a bullish indicator according to contrarian technical analysis?

A) Investor credit balances are falling.

B) The put/call ratio decreases.

C) The mutual fund ratio (cash position) is 15%.

D) The investment adviser ratio is 18%.

Question 32

Renee Fisher invests $2,000 each year, starting one year from now, in a retirement account. If the investments earn 8% or 10% annually over 30 years, the amount Fisher will accumulate is closest to:

8% 10%

A) $225,000 $360,000

B) $245,000 $330,000

C) $245,000 $360,000

D) $225,000 $330,000

Question 33

Which of the following statements about counting methods is least accurate?

A) The combination formula determines the number of different ways a group of objects can be drawn in a specific order from a larger sized group of objects.

B) The multiplication rule of counting is used to determine the number of different ways to choose one object from each of two or more groups.

C) N-factorial is the number of possible ways to arrange a given set of N objects.

D) The labeling formula determines the number of different ways to assign a given number of different labels to a set of objects.

Question 34

A market that is characterized by monopolistic competition is least likely to feature:

A) sellers that produce a differentiated product.

B) a small number of independent sellers.

C) low barriers to entry.

D) highly elastic demand.

Question 35

Which of the following statements about anticipated and unanticipated inflation is least accurate?

A) Actual inflation that is higher than the inflation rate anticipated by workers will be accompanied by an increase in the unemployment rate in the short run.

B) Unanticipated inflation benefits borrowers at the expense of lenders and employers at the expense of workers.

C) High anticipated inflation reduces the potential output of the economy by increasing transactions costs.

D) The adverse effects of unanticipated inflation are generally greater than the adverse effects of anticipated inflation.