EASE INTO PREP WITH A QUESTION EVERY DAY

Answer the question below to see how ready you are for the CFA Level II Exam. We will explain the correct answer choice to help you understand the concept.

A little daily practice goes a long way.

CFA Level II Practice Question for December 21st
379 Answers Today

A brokerage firm has a trading department and an investment-banking department. Often the investment-banking department receives material non-public information that would be valuable in advising the firm's brokerage clients. In order to comply with the Standards, the firm:

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If you want more Level II practice questions you can use Kaplan Schweser's Level II SchweserPro™ QBank and try a few sample Level II vignette questions from our blog.
Level II Exam questions will not repeat word for word from exam to exam but can be alike because they all draw from the same body of knowledge which is represented in CFAI’s Candidate Body of Knowledge (CBOK).
Yes, Level II Exam questions are challenging and are meant to test your knowledge of the latest CFA Level II curriculum. If you find yourself feeling exam practice questions are too difficult, revisit the answer explanations to pinpoint the concept you are struggling with.
You should be able to illustrate your algebra skills and statistical theory knowledge on the Level II Exam and how to do advanced calculator functions using the BAII+ calculator.
The most challenging part of the Level II Exam is subjective but typically financial statement analysis and portfolio management give Level II Exam candidates the most difficulty. There is significantly more content to learn than in Level I.
Level II Exam pass rates change multiple times per year and have historically been higher than Level I.
There is no expiration on your CFA Program candidacy but you only get six attempts to pass the Level II Exam. You are also only allowed to take an exam up to two times per calendar year and cannot take the exam in windows that are less than 6 months apart. If you end up failing, start by evaluating your study plan and mock exam scores and look for improvements you can make for next time.
Each Level II Exam window has a rescheduling date. If you miss the deadline, you may be able to request a deferral and pay to postpone your scheduled exam date.
You should take at least five Level II mock exams but the exact number of mock exams every candidate should take will vary depending on their knowledge base and scores.
Question: 9/6/20
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