Suppose the Brazilian real is quoted at US$:R = 0.9955-1.0076 and the Thai baht is quoted at US$:B
= 25.2513-3986. What is the direct quote for the real in Bangkok (R:B=?)?

• A.30.5541 - 6456
• B.25.1376 - 2654
• C.25.0608 - 5134

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One feature common to both the trading and available for sale classifications is:

• A.Investments are reported at market value.
• B.Unrealized gains (losses) are reported in current income.
• C.Unrealized gains (losses) are reported in other comprehensive income.

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Which one of the following statements about GIPS verification is least accurate?

• A.Verification is a pre-requisite for conducting a global investment management business.
• B.Verification performed by an independent third party brings credibility to a claim of compliance.
• C.Verification reviews whether the firm is compliant on a firm-wide basis and the construction of all the composites follows GIPS requirements.

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Business cycles are generally considered in:

• A.the short-run framework.
• B.the long-run framework.
• C.both the short-run and long-run frameworks.

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Calculate a 90% confidence interval for a population mean. You have a sample of 21, a sample mean of -25%, and a sample standard deviation of 10%. The sample appears to be approximately normally distributed.

• A.[-28.9%, -21.1%].
• B.[-27.9%, -22.1%].
• C.[-28.1%, -21.9%].

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