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  1. Home
  2. CFA Certification
  3. CFA-Level-I Exam
  4. CFA.CFA-Level-I.v2022-03-26.q499 Dumps
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Question 276

The measure of central tendency which is sensitive to extreme scores on the higher or lower end of a distribution is the:

Correct Answer: A
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Question 277

A defined benefit pension plan:

Correct Answer: C
In a defined benefit pension plan, the retirement benefits are "predefined." The employer commits to providing the benefits regardless of the performance of the pension plan. Thus, in this plan, the risk of pension plan performance is borne by the employer and not the employee.
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Question 278

Degree of Total Leverage = DTL; Degree of Operating Leverage = DOL; Degree of Financial
Leverage = DFL.
Which of the following is incorrect?

Correct Answer: C
DOL = % change in EBIT / % change in Sales DCL (Degree of Combined Leverage) = % change in EPS / % change in Sales DFL = % change in EPS / % change in EBIT DTL = DOL * DFL
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Question 279

The reserve requirement is 10%. You take $5,000 and deposit it in your checking account. What will be the maximum total change in bank deposits resulting from this?

Correct Answer: C
The money multiplier is (1/(reserve requirement)) = 10 if c = 0, so the maximum deposit expansion is 10 x 5000 = 50,000.
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Question 280

A random variable is:

Correct Answer: A
A random variable is a quantity whose outcome is uncertain.
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