剑桥商务英语考试包括三个等级，分别是剑桥商务英语初级、剑桥商务英语中级、剑桥商务英语高级。相对应的，剑桥商务英语的学习教材也因为考试等级的不同而不同。各级剑桥商务英语的学习教材包括学生教材两本，教师用书一本。 一、剑桥商务英语初级包括《新编剑桥商务英语学生用书(初级)(Pass Cambridge BEC Preliminary Student book)(第二版)》，定价:40.00元;《新编剑桥商务英语(学生用带)(初级)(Pass Cambridge BEC Preliminary)(第二版)》，定价:15.00元;《新编剑桥商务英语教师用书(初级)(Pass Cambridge BEC Preliminary Teacher's Guide)(第二版)》，定价:45.00元。 二、剑桥商务英语中级包括《新编剑桥商务英语学生用书(中级)(Pass Cambridge BEC Vantage Student book)(第二版)》，定价:43.00元;《新编剑桥商务英语(学生用带)(中级)(Pass Cambridge BEC Vantage)(第二版)》，定价:15.00元;《新编剑桥商务英语教师用书(中级)(Pass Cambridge BEC Vantage Teacher's Guide)(第二版)》，定价:38.00元。 三、剑桥商务英语高级包括《新编剑桥商务英语学生用书(高级)(Pass Cambridge BEC Higher Student book)(第二版)》，定价:40.00元;《新编剑桥商务英语(学生用带)(高级)(Pass Cambridge BEC Higher)(第二版)》，定价:15.00元;《新编剑桥商务英语教师用书(高级)(Pass Cambridge BEC Higher Teacher's Guide)(第二版)》，定价:50.00元。 参加培训班的考生只剑桥商务英语考试包括三个等级，分别是剑桥商务英语初级、剑桥商务英语中级、剑桥商务英语高级要有相关剑桥商务英语等级的学生用书就可以了，自学参加剑桥商务英语考试的考生最好同时有教师用书和学生用书，这样可以帮助考生理清学习重点，提高学习效率。  

Question: Margie Germainne, CFA, is a risk management consultant who has been asked by a small investment bank to recommend policies to prevent bank employees from front running client orders. These clients generally invest in one or more of the bank's large cap equity unit trusts. To ensure compliance with the CFA Institute Standards of Professional Conduct, Germainne should least likelyrecommend which of the following? Employees should be restricted from trading:  A. equity-related securities.  B. without prior permission.  C. during established time periods.  Answer = A  Although Standard VI(B)–Priority of Transactions is designed to prevent any potential conflict of interest or the appearance of a conflict of interest with respect to personal transactions, it does not ban employees from trading securities. A ban on all equity-related securities could be excessively restrictive to employees and unnecessary if appropriate personal transaction policies and procedures are in place. CFA Level I "Guidance for Standards I–VII" Standard VI(B)–Priority of Transactions   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一级需要一级花费多长时间？  

Question: Molly Burnett, CFA, is a portfolio manager for a fund that only invests in environmentally friendly companies. A multinational utility company recently acquired one of the fund's best-performing investments, a wind power company. The wind power company's shareholders received utility company shares as part of the merger agreement. The utility has one of the worst environmental records in the industry, but its shares have been one of the top performers over the past 12 months. Because the utility pays a high dividend every three months, Burnett holds the utility shares until the remaining two dividends are paid for the year then sells the shares. Burnett most likely violated the CFA Institute Standard of Professional Conduct concerning:  A. Disclosure of Conflicts.  B. Suitability.  C. Independence and Objectivity.  Answer = B  The utility is not a suitable investment for a fund that only invests in companies with good environmental records. Continuing to hold this investment, therefore, was a violation of Standard III(C)–Suitability. CFA Level I "Guidance for Standards I–VII" Standard I(B)–Independence and Objectivity, Standard III(C)–Suitability, Standard VI(A)–Disclosure  of Conflicts   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 要进投行？是不是必须要考一级CFA！？  

competition among investment management firms in all markets; this objective does not require unnecessary entry barriers or hurdles for new firms, such as common fee structures. CFA Level I “The GIPS Standards,” CFA Institute Fundamentals of Compliance9     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和FRM的区别 通过CFA一级需要一级花费多长时间？

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一级需要一级花费多长时间？

complaint. CFA Level I "Code of Ethics and Standards of Professional Conduct"     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： 通过CFA一级需要花费多长时间？ 工作后适合考CFA吗？在职如何备战CFA一级考试？

Question： The total output in units and average selling prices in a hypothetical economy producing only two  products, X and Y, is provided:  If the implicit price deflator for GDP in Year 1 was 100, for Year 2, it is closest to:  A. 113.4.  B. 106.2.  C. 106.8.  Answer = A  CFA Level I "Aggregate Output, Prices, and Economic Growth," Paul R. Kutasovic and Richard G. Fritz Section 2.1.2     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： CFA考试介绍及难度 95后，结婚，生孩子，考CFA，这就是我的经历  

Question： Mariam Musa, CFA, head of compliance at Dunfield Brokers, questions her colleague Omar Kassim, a CFA candidate and a research analyst, about his purchase of shares in a company for his own account immediately before he publishes a "buy" recommendation. He defends his actions by stating he has done nothing wrong because Dunfield does not have any personal trading policies in place.  The CFA Institute Standards of Professional Conduct were most likely violated by:  A. only Kassim.  B. both Musa and Kassim.  C. only Musa.  Answer = B  Both Musa and Kassim violated the Standards of Professional Conduct. Musa violated Standard IV(C)–Responsibilities of Supervisors by not ensuring policies were in place to prevent violations of the Standards of Professional Conduct (in this case, Standard VI(B)–Priority of Transactions) by someone subject to her supervision. As the head of compliance, Musa supervised Kassim and must meet her supervisory responsibilities outlined in the Standards of Professional Conduct. Kassim violated Standard VI(B)–Priority of Transactions because he did not give sufficient priority to Dunfield's clients before trading on his recommendation. CFA Level I "Guidance for Standards I–VII" Standard IV(C)–Responsibilities of Supervisors, Standard VI(B)–Priority of Transactions     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一级权益复习策略 这可能是目前zui快通过CFA、FRM双证一级的捷径了

 Witschi Sections 4.1, 4.29     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考试介绍及难度 CFA协会女子奖学金申请了吗？CFA小仙女们福利！

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协会女子奖学金申请了吗？CFA小仙女们福利！ 30岁考CFA，晚吗？