I took the L1 in new york city. the javits center is huge densed. three big halls with section from A-Z, about over 10K candidates.
The morining section is harder than the afternoon. In both section I finished 50 mintues ahead. I did wrongly in the aduit committee questions, ridiculously, the same question asked twice in the morining section, so i get both wrong. GIPS is relative easy.
Overall, the true exam is not harder than our mock exam and sample exam as schweser, but it concentreate on more concept and terminology. Must I get over 70% in ethics to be passed?
A foreign currency is at a forward discout if the forward rate expressed in domestic currency units is less than the spot rate.Forward currency units will be cheaper in the future.