To Stand Out from Others Applying for Jobs in Finance

question 15

Multiple Choice

To stand out from others applying for jobs in finance, Maya qualified as a Chartered Financial Analyst. Under what conditions is this a credible signal?

• A) For less capable persons, the cost of qualifying as a CFA must be higher.
• B) For more capable persons, the cost of qualifying as a CFA must be higher.
• C) The CFA examinations must be challenging.
• D) Financial institutions must value the CFA qualification.
• E) None of the above.

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Definitions:

National Agenda

A set of priorities and policies that are considered of utmost importance by a nation's government at a given time.

Federalism

A system of government where power is divided between a central authority and constituent political units, such as states or provinces.

Dual Federalism

A concept of federalism where federal and state governments are seen as co-equal sovereigns, operating independently and with powers that are clearly delineated.

Layer Cake

Often used as a metaphor to describe a clear, well-defined separation of powers or responsibilities, especially in federal systems.