This is a small 6 question quiz on Economics Level 1 CFA. No registration required! Please click on the following link Level 1 CFA® Program Economics Diagnostic Test. This is a very fascinating subject once you have a good grip over the subject. There are two main divisions of economics: Microeconomics and Macroeconomics. Some important readings for the CFA Program Test are listed below:
Demand and Provide Analysis: Introduction
Demand and Supply Analysis: Shopper Demand
Demand and Provide Analysis: The Firm
The Firm and Market Structures
Economic Functions of Depository Institutions
Broadly 4 functions:
Acting as Financial Intermediaries - Receive deposits which are used to provide loans; Loans are provided at lower rate than what borrowers could have raised outside
Provide Liquidity - Offers long term loans from short term deposits
Risk Monitoring Institutions have better understanding and mechanism to monitor risk compared to individuals
Pooling of Individual Risks Minimize individual risk by pooling individual loans in well diversified portfolios
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