CFA考试历年真题精选9(附详解) CFA考试历年真题精选9（附详解） 1、Gardner Knight, CFA, is a product development specialist at an investment bank. Knight is responsible for creating and marketing collateralized debt obligations (CDOs) consisting of residential mortgage bonds. In the marketing brochure for his most recent CDO, Knight provided a list of the mortgage bonds that the CDO was created from. The brochure also states “an independent third party, the collateral manager, had sole authority over the selection of all mortgage bonds used as collateral in the CDO.” How ever, Knight met with the collateral manager and helped her select the bonds for the CDO. Knight is least likely to be in violation of which of the following CFA Institute Standards of Professional Conduct? A.Suitability B.Conflicts of Interest C.Client Communication 正确答案:A 答案解析:CFA Institute StandardsA is correct because there is no indication the investment is unsuitable for investors and in violation of Standard III (C) Suitability. 2、Tamlorn Mager, CFA, is an analyst at Pyallup Portfolio Management. CFA Institute recently notified Mager that his CFA Institute membership was suspended for a year because he violated the CFA Code of Ethics. A hearing panel also came to the same conclusion. Mager subsequently notified CFA Institute he does not accept th e sanction, or the hearing panel’s conclusion. Which of the following actions by Mager is most consistent with the CFA Institute Professional Conduct Program? A.Presenting himself to the public as a CFA charterholder B.Providing evidence for his position to an outside arbitration panel ing his CFA designation upon expiration of the suspension period 正确答案:C 答案解析:“Code of Ethics and Standards of Professional Conduct”, CFA InstituteC is correct because the Designated Officer may impose a summary suspension on a member or candidate, which may be rejected or accepted by the member or candidate. If the member or candidate does not accept the proposed sanction, the matter is referred to a hearing panel composed of DRC members and CFA Institute member volunteers affiliated with the DRC. In this case, the hearing panel also affirmed the suspension decision by the Designated Officer, and therefore, the member loses the right to use his designation for a one-year period. Upon expiration of the suspension period, the analyst would be able to use his CFA designation. 3、A market structure characterized by homogeneous/standardized product differentiation is best described as: A.monopolistic competition. B.perfect competition and oligopoly. C.monopoly. 正确答案:B 答案解析:Perfect competition and oligopoly are characterized by homogeneous/standardized product differentiation.Section 2.2 本文来源：网络收集与整理，如有侵权，请联系作者删除，谢谢！第3页 共3页第 3 页 共 3 页第 3 页 共 3 页第 3 页 共 3 页第 3 页 共 3 页第 3 页 共 3 页第 3 页 共 3 页第 3 页 共 3 页第 3 页 共 3 页第 3 页 共 3 页第 3 页 共 3 页。