【CFA試題】CFA考試一級試題免費下載及線上練習

CFA考試被世界譽為「黃金證書」，為國際通行的金融投資從業者專業資格認證，被視為投資業內難度最大的考試。雖然相當難考，CFA level 1過去10年平均合格率僅40%，但由於認受性高，因此受金融行內人員青睞，今天我們為大家提供CFA考試一級試題免費下載及線上練習。

什麼是CFA？

特許金融分析師（Chartered Financial Analyst，又譯為特許財務分析師(過去台灣常使用)、特許財經分析師(香港使用)、註冊金融分析師等），簡稱CFA，是全球金融財經界最為推崇的金融投資專業資格。CFA特許狀是由CFA協會（CFA Institute）所授與，該單位是全世界上最著名的投資行業專業團體之一。假設你在香港取得CFA，你的資格在倫敦、杜拜、泰國、世界各地都一樣有效。

CFA考試主要量度考生應用投資原則的能力及專業操守。考試科目共有10科

• Ethical and Professional Standards 職業行為準則
• Quantitative Methods 數量、機率、統計
• Economics 總經、個經、國經
• Financial Statement Analysis 財務報表分析
• Corporate Finance 公司財務管理
• Analysis of Equity Investments 股票投資評價
• Analysis of Fixed Income Investments 債券投資評價
• Derivatives 衍生性金融商品評價
• Alternative Investments 其它資產評價
• Portfolio Management 投資組合管理

CFA報考資格

CFA分為3級，Level 1 – 3

考試日期

LEVEL 1 的考試約於每年6月及12月，而LEVEL 2 及LEVEL 3則是每年的6月舉辦。
放榜時間為考後1.5～2個月

考試形式

Level 1：上午與下午各120題選擇題
Level 2：上午與下午各60題應用選擇題
Level 3：上午13題問答題；下午60題應用選擇題

考試語言

英語

模擬試題免費下載

CFA SAMPLE QUESTION

Soleadea Mock

線上練習

DEMAND AND SUPPLY ANALYSIS QUESTION

1.
If mangoes cost India Rupees (INR) 10 each, a consumer spends his budget on fruits that he values more highly than mangoes. However, at a price of INR 4 per mango the consumer buys 20 mangos. The total consumer surplus (in INR) is closest to:
A.26
B.60
C.120

Ans: B;  the price of first mango is IND 10, assuming the price and the quantity has a linear relationship, the consumer surplus is the area between demand curve and actual price, which is

2.Consumer surplus is best describe as:

A.Always less than or equal to zero
B.Always greater than or equal to zero
C.At times positive and at other times negative

Ans: B; consumer surplus is a measure of how much net benefit buyers enjoy from the ability to participate in a particular market. It is the difference between how much a buyer actually pays and how much he is willing to pay. It is always greater than or equal to zero.

3.Demand for a good is most likely to be more elastic when:
A.  the good is a necessity
B.  a lesser proportion of income is spent on the good
C.  the adjustment to a price change takes a longer time

Ans: C; elasticity is defined as the ratio of percentage changes. It is a general measure of how sensitive one variable is to any other variable.
For most goods, long-run elasticity of demand is greater than short-run elasticity, since the longer the adjustment time, the greater the degree to which a household could adjust to the change in price.
A is incorrect; if the goods is a necessary, the demand is inelastic. The consumption will keep in a certain level no matter how much it costs, since it is necessary to living.
B is incorrect; in general, if consumers tend to spend a very small portion of their budget on a good, their demand tends to be less elastic than if they spend a very large part of their income.

報考CFA

https://www.cfainstitute.org/