CFA三级Mock三级V2_20180411_2018mock_level3_Mock 67-答案_陈佳怡.pdf

Level III– Mock 67 Questions 1-6 relate to Ethics 2 Questions 7-12 relate to Private wealth6 Questions 13-18 relate to Private wealth 11 Questions 19-24 relate to Economics 14 Questions 25-30 relate to Asset allocation 16 Questions 31-36 relate to Fixed income 20 Questions 37-42 relate to Equity 23 Questions 43-48 relate to Alternative 25 Questions 49-54 relate to Derivatives 28 Questions 55-60 relate to GIPS 31 1 / 32 Level III– Mock 67 Questions 1-6 relate to Ethics Case 1: CleanTech Research Fund Case Scenario 1. Correct answer: B. B is correct. Disclosure of the managers’ involvement with CFA Institute is not a violation of Standard VII(A)–Conduct as Members and Candidates in the CFA Program, because it does not reveal any confidential information. But the CFA designation must always be used as an adjective. In this situation, the designation has not been used as an adjective, thus the statement is in violation of Standard VII(B)–Reference to CFA Institute, the CFA Designation, and the CFA Program (i.e., the statement should read “the entire research team is made up of CFA charterholders,” rather than “they are all CFA’s”). Members must not exaggerate the meaning or implications of membership in CFA Institute or holding the CFA designation, which Tang does, violating Standard VII(B). A is incorrect because members must not exaggerate the meaning or implications of membership in CFA Institute or holding the CFA designation. Statements that overstate the competency of an individual or imply that superior performance can be expected from someone with the CFA designation are not allowed under the Standard. C is incorrect because the CFA designation must always be used as an adjective, i.e., “the e