Sample Item Sets 2003 by CFA Level 3

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Sample Item Sets 2003 by CFA Level 3

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Forex Trading – Foreign Exchange Course

You want to learn about Forex?

Foreign exchange, or forex, is the conversion of one country’s currency into another.
In a free economy, a country’s currency is valued according to the laws of supply and demand.
In other words, a currency’s value can be pegged to another country’s currency, such as the U.S. dollar, or even to a basket of currencies.
A country’s currency value may also be set by the country’s government.
However, most countries float their currencies freely against those of other countries, which keeps them in constant fluctuation.

Weight: 40 KB

Levels I, II, and III of a series of tests are part of the CFA Program. The tests:

are presented yearly on the first Saturday in June at testing facilities all throughout the world. Also available in December is the Level I test.

consecutive passing is required.

are only accessible in English.

With each level, the exam’s content, learning objectives, and question structure get more difficult.

Content of the Curriculum and Learning Focus

The curriculum material for ethical and professional standards is one illustration of the complexity rise. For each test level, the material is the same, however the questions given to candidates vary:

Your understanding of the moral and professional norms is tested at Level I.

How you apply those guidelines to the circumstances analysts encounter is tested in Level II.

Level III evaluates your ability to use the standards in a compliance and portfolio management framework.

All in all:

Basic knowledge and comprehension questions centered on financial instruments are included in Level I tests; certain questions will demand analysis.

Exams at the level II include more emphasis on complicated analysis and asset valuation.

The synthesis of all the ideas and analytical techniques in a range of applications for successful portfolio management and wealth planning is required for Level III tests.

Salepage : Sample Item Sets 2003 by CFA Level 3