CMT-Level-II練習テスト問題解答には更新された264問があります
CMT-Level-II問題集はCMT Program合格確定させる練習で264問があります
質問 30
Which of the following is a true statement according to Elliott Wave Theory?
- A. Triangles are usually second waves preceding a longer third wave
- B. In the stock market, wave 5 is the most common to extend
- C. Waves can be expanded into longer waves and subdivided into shorter waves
- D. The Pythagorean theorem is the mathematical basis for Elliott Wave Theory
正解: C
質問 31
Which of the following is a true statement according to Elliott Wave Theory?
- A. The two types of simple corrections are zigzags and flats
- B. A complete bull market cycle is made up of eight waves, three waves up followed by five waves down
- C. A trend divides into three waves in the direction of the next longer trend
- D. Corrections always take place in five wave patterns
正解: A
質問 32
Which of the following conditions is an absolute must for a true divergence based on the MACD histogram?
- A. Breaking of the centerline
- B. The MACD histogram has to record atleast a 200 bar low/high on the first trough/peak
- C. Confirmation from the MACD fast line and signal line
- D. Price action extended above/below the 26 week moving average
正解: A
質問 33
Which of the following is a CORRECT inter-market relationship
- A. Financial stocks trend inversely to bonds
- B. Bond prices move inversely to equities
- C. Bonds prices trend in the same direction as commodities
- D. The U.S. dollar moves inversely to commodities
正解: D
質問 34
Which one of the following most accurately describes the CFA Institute Standard about using material nonpublic information?
- A. An analyst cannot use nonmaterial nonpublic information.
- B. An analyst may use nonmaterial nonpublic information as long as it has been developed under the Mosaic Theory.
- C. An analyst may use material nonpublic information as long as it is for his personal use.
- D. An analyst may use material nonpublic information if it is legal in his country to do so.
正解: B
質問 35
Kai Wong, CFA, is concerned about the activities of several of his coworkers and feels legal violations are routinely overlooked. According to the Code and Standards, a recommended first step would least likely be to:
- A. review the company's policies and procedures for reporting ethical violations.
- B. take legal counsel
- C. contact industry regulators
- D. provide her supervisor with a copy of the Code and Standards.
正解: C
質問 36
A trend based trading system where signals occur when the current high or low price exceeds the previous swing high or low price:
- A. Swing breakout
- B. N-day breakout
- C. Point and figure
- D. Simple moving average
正解: A
質問 37
When using the RSI as an overbought/oversold indicator, a sell signal is generated when:
- A. RSI crosses above the midpoint (50 level).
- B. RSI rises above its upper reference line and then crosses below it.
- C. RSI crosses beneath the midpoint (50 level).
- D. RSI declines below its lower reference line and then rallies above it.
正解: B
質問 38
Adam Green, a portfolio manager, is making a presentation to a prospective client. Green says that as a new portfolio manager, he made an average annual rate of return of 40% in the last two years at his previous firm and that based on this, he can guarantee a 40% return to the client. Which of the following statements is in accordance with Standard III(D), Performance Presentation?
- A. Implying that he can guarantee a return.
- B. Stating his past performance as long as it is fact.
- C. Imputing his past performance to future performance.
- D. Implying that he can guarantee a return based on just 2 years of performance.
正解: B
質問 39
Which of the following is the calculation for price objective using the vertical count method? (Note: X is the multiplication symbol in this question)
- A. Price level of the lowest box (for up counts) of the base + (number of columns of the base X reversal size)
- B. Price level of the lowest box (for up counts) of the base X number of columns of the base X reversal size
- C. Price level of the lowest box (for up counts) + (number of boxes in the reversal columns X reversal size)
- D. Price level of the lowest box (for up counts) X number of boxes in the reversal columns X reversal size
正解: C
質問 40
Which market tends to have the GREATEST amount of volatility?
- A. Bonds
- B. Eurodollars
- C. Currencies
- D. Equities
正解: D
質問 41
Which of the following methods is not used to portray the volume of trade?
- A. Bar/candle
- B. Equivolume
- C. Point-and-Figure
- D. Leaf and stem
正解: D
質問 42
Which of the following is not a method used by Technical analysts to determine trading systems?
- A. Pattern recognition,
- B. Countertrend
- C. Trend following
- D. Non-exogenous signal systems
正解: D
質問 43
Which of the following is true of volume and open interest?
- A. Volume is not used in futures, only open interest
- B. Increasing volume and open interest suggest the trend will continue
- C. Contract volume and total open interest are used in bonds
- D. Declining volume and open interest suggest the trend will continue
正解: B
質問 44
Which of the following is a component of the Code of Ethics?
CFA Institute members shall:
- A. use particular care in determining applicable fiduciary duty.
- B. practice and encourage others to practice in a professional and an ethical manner.
- C. maintain and improve the competence of other investment professionals.
- D. use reasonable care and exercise independent professional judgment.
正解: B
質問 45
From a contrarian's perspective, which of the following would be considered a bullish indicator?
- A. Sales of investment books are increasingly dramatically
- B. A Business Week cover with a story on "The Death of Equities"
- C. The vast majority of professional financial letter writers are bullish
- D. CNBC is on the television at the local bar, and everyone is paying attention
正解: B
質問 46
Which of the following are the three basic tenets of Elliott Wave Theory, in the CORRECT order of importance?
- A. Price, pattern and volume
- B. Waves, alternation and reversals
- C. Price, momentum and volume
- D. Pattern, ratio and time
正解: D
質問 47
__________ is a perception bias that arises when you are attempting to take a guess at something about which you have limited information.
- A. Framing
- B. Anchoring
- C. Saliency
- D. Sunk-cost
正解: B
質問 48
This indicator measures the distance between two exponential moving averages of advances minus declines.
- A. McClellan Oscillator
- B. Ayres-Hughes Breadth Indicator
- C. The SENTIX Index
- D. TRIN
正解: A
質問 49
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