2019年6月CFA一级百题预测：权益_.pdfVIP免费

1-69此预测为考点预测，考题仅为复习参考内部使用资料，严禁传播，否则追究法律责任7.Equity7.1.OverviewofFinancialMarket:Function&Regulation7.1.1.重要知识点7.1.1.1.金融市场的三种主要功能Theachievementofthepurposesforwhichpeopleusethefinancialsystem;Thediscoveryoftheratesofreturnthatequateaggregatesavingswithaggregateborrowings;Theallocationofcapitaltothebestuses.7.1.1.2.AchievementofpurposesinthefinancialsystemTosavemoneyforthefuture;Toborrowmoneyforcurrentuse;Toraiseequitycapital;Tomanagerisks;Toexchangeassetsforimmediateandfuturedeliveries;Totradeoninformation.7.1.1.3.TheobjectivesofmarketregulationaretoControlfraud;Controlagencyproblems;Promotefairness;Setmutuallybeneficialstandards;Preventundercapitalizedfinancialfirmsfromexploitingtheirinvestorsbymakingexcessivelyriskyinvestments;Ensurethatlong-termliabilitiesarefunded.7.1.1.4.Whenregulatorsfailtosolvetheproblemsdiscussedabove,thefinancialsystemdoesnotfunctionwell.Hedgerswithdrawfrommarkets;Producersbecomereluctanttospecialize;Goodideascannotfundtheirprojects;Productionbecomeslessefficientasproducerschosesafertechnologies.7.1.1.5.CharacteristicsofagoodmarketTimelyandaccurateinformation;Liquidity(marketability,pricecontinuity,depth);Internalefficiency(lowtransactioncost);Informationalefficiency.需要最新CFA、FRM资料欢迎添加QQ1605890743需要最新CFA、FRM资料欢迎添加QQ16058907432-69此预测为考点预测，考题仅为复习参考内部使用资料，严禁传播，否则追究法律责任7.1.2.基础题Q-1.Comparedwithunregulatedmarkets,regulatedmarketsarebestcharacterizedby:（2017MockPM）A.reducedarbitrageopportunities.B.highertransactioncosts.C.lowertradingvolumes.Q-2.Thefinancialsystemsthatareoperationallyefficientaremostlikelycharacterizedby:（2016MockPM）A.securitypricesthatreflectfundamentalvalues.B.liquidmarketswithlowcommissionsandorderpriceimpacts.C.theuseofresourceswheretheyaremostvaluable.Q-3.Whichofthefollowingstatementsconcerningtheobjectivesofmarketregulationisleastaccurate?Regulators:（2015MockA...