Higher than expected aggregate demand will result in an inflation that is like a ______ one.

• A.demand-pull.
• B.demand-push.
• C.cost-push.

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The concepts of spot and forward rates are most closely associated with which one of the following explanations of the term structure of interest rates?

• A.Liquidity premium theory
• B.Expectations hypothesis
• C.Segmented market theory

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A call provision is

• A.the right of the underlying borrowers in a pool of loan to repay an amount in excess of the scheduled principal repayment.
• B.the right of the underlying borrowers in a pool of loan to repay an amount that represents a deficit in relation to the scheduled principal repayment.
• C.the right of the issuer to retire the issue prior to the stated maturity date.

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______ are effectively a form of equity.

• A.Temporary deferred taxes, not permanent deferred taxes,
• B.Permanent deferred taxes, not temporary deferred taxes,
• C.Neither temporary deferred taxes nor permanent deferred taxes

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There are six components of the Code of Ethics that CFA Institute members and candidates are to follow. Which of the following is not one of these components?

• A.Practice, and encourage fellow members and candidates to practice, effective time management.
• B.Promote the integrity of, and uphold the rules governing, capital markets.
• C.Place the integrity of the investment profession and the interests of clients above their own personal interests.

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