CFA Test
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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