CFA考试资料参考R46 Economics and Investment Markets.pdfVIP

Question #1 of 26 Question ID: 1210838 Which of the following assets provides a most eective hedge against bad consumption outcomes? A) Equity B) Risk-free bonds. C) Real estate Question #2 of 26 Question ID: 1210834 Je Dentmat is expecting overall credit spreads to narrow over the next few years. Which of the following conclusions can Dentmat most appropriately make? A) High rated corporate bonds will outperform low-rated corporate bonds. B) Risky bonds will outperform risk-free bonds. C) Government bonds will outperform low-rated corporate bonds. Question #3 of 26 Question ID: 1210830 If the market expects ination to decrease over the next few years but the uncertainty about ination was increasing, the break-even ination rate is most likely to: A) Decrease. B) Be uncertain. C) Increase. Question #4 of 26 Question ID: 1210841 Value stocks are most likely to be characterized by: A) Immature markets. B) Low price multiples. CFA/FRM studyingmaterials,WeChat:musiq1237 C) High earnings growth. Question #5 of 26 Question ID: 1210836 Spreads for issuers in the consumer cyclical sector are most likely to: A) Be unrelated to business cycle. B) Increase during economic downturns. C) Decrease during economic downturns. Question #6 of 26 Question ID: 1210840 Price multiples are least likely to increase when: A) Earnings growth increases. B) Equity risk premium increases. C) Ination expectations decline. Question #7 of 26 Question ID: 1210843 As compared to an investment in equiti