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  1. Home
  2. CFA Certification
  3. CFA-Level-I Exam
  4. CFA.CFA-Level-I.v2024-01-19.q367 Dumps
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Question 91

Once a head and shoulders pattern is formed, the expectation is that:

Correct Answer: C
The head and shoulders pattern is not complete and the uptrend is not reversed until neckline support is broken and becomes a new resistance level.
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Question 92

To increase the federal funds rate, the Fed can use open market operations to

Correct Answer: C
The Fed cannot change the demand curve for reserves.
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Question 93

Unemployment compensation:

Correct Answer: B
Higher income generates higher employment and thus lower unemployment compensation, so aggregate demand does not increase as rapidly as it otherwise would.
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Question 94

Operating profit is equal to ________.

Correct Answer: B
Operating profit is equal to gross profit minus selling and administrative expenses.
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Question 95

A futures contract whose underlying good is U.S. Treasury bills would be classified as a(n) ________ contract.

Correct Answer: A
U.S. T-bills are interest-earning assets, and their futures contracts are Interest-earning Asset contracts.
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