at the point of tangency between the capital allocation line and the  efficient frontier of risky assets.  CFA Level I  "Portfolio Risk and Return: Part I," Vijay Singal  Section 5.4      CFA特许金融分析师1-3级【沪江金程联合开发】 19年12月-22年6月考季的考生，助力通过金融第一考 查看折扣 CFA1级1912考季【沪江金程联合开发】 权威名师倾情打造，助力通过金融第一考 查看折扣 金融英语【沪江金程联合开发】 为零基础学员提供学习指导 查看折扣 更多精彩：   2019年6月CFA考场地址介绍（含交通、就餐指南） CPA证书和CFA证书哪个比较难考？哪个比较实用？ 工作后适合考CFA吗？在职如何备战CFA考试？

Question： According to the CFA Institute Code of Ethics and Standards of Professional Conduct, trading on material nonpublic information is least likely to be prevented by establishing: A. personal trading limitations. B. selective disclosure. C. firewalls. Answer = B Selective disclosure occurs when companies discriminate in making material nonpublic information public. Corporations that disclose information on a limited basis create the potential for insider-trading violations. See Standard II(A). CFA Level I "Guidance for Standards I-VII," CFA Institute Standard II(A)     CFA特许金融分析师1-3级【沪江金程联合开发】 权威名师倾情打造，助力通过金融第一考 查看折扣 CFA特许金融分析师1级【沪江&金程联合开发】 权威名师倾情打造，助力通过金融第一考 查看折扣 金融英语【特惠班】 双语教学，助力提升金融专业英语水平 查看折扣 更多精彩： CFA、CPA、FRM、ACCA 各自的优劣势及持证人从业方向 只考CFA一级有用吗？ 零基础、跨专业CFA一级10A心得，一千个考友就有一千种备考方式

medium of exchange and  acting as a unit of account. It does not require a double coincidence of wants, as barter does since it  easily divisible and can act as a medium of exchange. CFA Level I “Monetary and Fiscal Policy,” Andrew Clare and Stephen Thomas Section 2.1     CFA特许金融分析师1-3级【沪江金程联合开发】 19年12月

goes up, the value of the position goes up.  Answer = C  Given the formula for the value of a forward contract: it follows that the value of the contract goes up as the price of the underlying goes  CFA Level 1 “Basics of Derivative Pricing and Valuation,” Don M. Chance, CFA Section 3.1.3   CFA特许金融

Question： Which of the following statements is most accurate about the responsibilities of an auditor for a publicly traded firm in the United States? The auditor must:  A. ensure that the financial statements are free from error, fraud, or illegal acts.  B. state that the financial statements are prepared according to generally accepted accounting principles.  C. express an opinion about the effectiveness of the company's internal control systems.    Answer = C  For a publicly traded firm in the United States, the auditor must express an opinion as to whether the company's internal control system is in accordance with the Public Accounting Oversight Board, under the Sarbanes–Oxley Act. The opinion is given either in a final paragraph in the auditor's report or as a separate opinion.    CFA Level I  "Financial Statement Analysis: An Introduction," Elaine Henry and Thomas R. Robinson  Section 3.1.7      CFA特许金融分析师1-3级【沪江金程联合开发】 19年12月-22年6月考季的考生，助力通过金融第一考 查看折扣 CFA1级1912考季【沪江金程联合开发】 权威名师倾情打造，助力通过金融第一考 查看折扣 金融英语【沪江金程联合开发】 为零基础学员提供学习指导 查看折扣 更多精彩： 为了CFA二级10A，那些年我走过的弯路和捷径 CFA持证人普遍青睐的3个职位是什么？ CFA一般都是什么程度的人在考？  

Question： A company is selling a long-lived asset with a carrying amount of $70,000 for $80,000. The original cost of this asset was $120,000. In the year of sale, this event is most likely to be reported on the income statement as:  A. revenues of $80,000.  B. a gain of $10,000.  C. a loss of $40,000.  Answer = B  When a long lived asset is sold only the net gain or loss is reported on the income statement. The gain or loss on a sale = sales proceeds – carrying amount = $80,000 – $70,000 = $10,000 gain.  CFA Level I  "Long-lived Assets," Elaine Henry and Elizabeth A. Gordon  Section 6.1        CFA特许金融分析师1-3级【沪江金程联合开发】 19年12月-22年6月考季的考生，助力通过金融第一考 查看折扣 CFA1级1912考季【沪江金程联合开发】 权威名师倾情打造，助力通过金融第一考 查看折扣 金融英语【沪江金程联合开发】 为零基础学员提供学习指导 查看折扣 更多精彩： CFA一级企业理财的学习策略 95后，结婚，生孩子，考CFA，这就是我的经历    

暑假是学习英语的好时机，很多人都想在暑假期间提高自己的英语水平，可是自学提高是很困难的，因此选择培训机构成了最好的选择，那么面对市场上琳琅满目的英语培训机构，我们应该如何选择呢?下面就跟着沪江的小编一起来了解一下吧。 　首先，我考虑的第一要素是：培训时间。 我刚刚大学毕业，将要步入社会。考虑到要工作，因此，培训时间成了我首先关注的要素。我想大多数人都培训是以零碎时间学习英语为主吧，真正全日制学英语的除了学生到没多少了……因此，我想找的英语培训班必须是能够自由安排上课时间或者周末开课。 　其次，就是授课模式。 传统英语课程是集体授课，人数众多，程度良莠不齐，假如是大班授课，效果势必不会很理想;小班也是有4-5人甚至更多;我觉得要么不学，要么就学最好的。个人认为，最好的授课模式，非外教一对一教学不可了，当然，0基础的童鞋还是不要找外教，除非那外教会普通话。 　另外，学习效果也是一大重点。 在我学习之前，我首先弄懂一个问题：就是我为何而学英语?我是工作需要而要学英语，所以，我比较注重英语口语方面，而非考试。因此，我需要的是一个大众口碑好的，教学质量过硬的英语培训班。效果怎么看，我觉得最直接的就是看师资了。有个专业的老师引导，效果也差不到哪去吧。 　最后，要看性价比怎么样。 综合学习环境、师资力气、学习效果及课程收费等。因而，不要以为廉价就是性价比高。我个人理解就是花最少的钱，获得最大的教学资源和学习效果。 互联网是一个大平台，想要学会如何选择一个好的培训机构，仅仅只需要在百度上多了解一下即可，沪江的小编也希望本篇文章能够帮助到想学英语而又不知道哪个英语培训好的人。

Question： A sample of 25 observations has a mean of 8 and a standard deviation of 15. The standard error of the sample mean is closest to: A. 1.60. B. 3.00. C. 3.06. Answer = B  The standard error of the sample mean, when the sample standard deviation is known, is:  CFA Level I  "Sampling

 performance, not to provide certainty in what is presented. CFA Level I “Introduction to the Global Investment Performance Standards (GIPS),” CFA Institute Why Were the GIPS Standards Created?     CFA特许金融分析师1-3级【沪江金程联合开发】 19年12月-22年6月考季的考生，助力通过金融第一考 查看折扣 CFA1级1912考季【沪江金程联合开发】 权威名师倾情打造，助力通过金融第一考 查看折扣 金融英语【沪江金程联合开发】 为零基础学员提供学习指导 查看折扣 更多精彩： CPA证书和CFA证书哪个比较难考？哪个比较实用？ 工作后适合考CFA吗？在职如何备战CFA考试？

Question： In setting the confidence interval for the population mean of a normal or approximately normal distribution, and given that the sample size is small, Student's t-distribution is the most appropriate approach when the variance is:  A. unknown.  B. large.  C. known.  Answer = A  When the sample size is small (and the population is normally or approximately normally distributed), the Student's t-distribution is preferred if the variance is unknown.  CFA Level I  "Sampling and Estimation," Richard A. DeFusco, Dennis W. McLeavey, Jerald E. Pinto, and David E.  Runkle  Section 4.2      CFA特许金融分析师1-3级【沪江金程联合开发】 19年12月-22年6月考季的考生，助力通过金融第一考 查看折扣 CFA1级1912考季【沪江金程联合开发】 权威名师倾情打造，助力通过金融第一考 查看折扣 金融英语【沪江金程联合开发】 为零基础学员提供学习指导 查看折扣 更多精彩： 这可能是目前zui快通过CFA、FRM双证的捷径了 通过CFA一级需要花费多长时间？