Which of the Following Is Not Required Under the CFA

question 11

Multiple Choice

Which of the following is not required under the CFA Institute Standards of Professional Conduct?

• A)Knowledge of all applicable laws, rules, and regulations
• B)Disclosure of all personal investments, whether or not they may conflict with a client's investments
• C)Disclosure of all conflicts to clients and prospects
• D)Reasonable inquiry into a client's financial situation

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Definitions:

John Maynard Keynes

A British economist whose theories on the causes of prolonged unemployment and the role of government intervention in economies formed the basis of Keynesian economics.

Full Employment

A condition in the economy where all potential labor forces are utilized in the most economically effective manner.

Market Economy

An economic system where decisions regarding investment, production, and distribution are based on supply and demand, and prices of goods and services are determined in a free price system.

Aggregate Demand

The sum total of all economic needs for goods and services, appraised at a constant overall price level in a stated period.