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Basic Question 0 of 5
Hedge funds-of-funds were developed primarily to:
A. Create new investment strategies.
B. Provide access to hedge funds for smaller investors.
C. Reduce the costs of hedge fund investing.
D. Provide liquidity to hedge fund markets.
A. Create new investment strategies.
B. Provide access to hedge funds for smaller investors.
C. Reduce the costs of hedge fund investing.
D. Provide liquidity to hedge fund markets.
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I was very pleased with your notes and question bank. I especially like the mock exams because it helped to pull everything together.

Martin Rockenfeldt
Learning Outcome Statements
describe foreign currency transaction exposure, including accounting for and disclosures about foreign currency transaction gains and losses;
analyze how changes in exchange rates affect the translated sales of the subsidiary and parent company;
CFA® 2025 Level II Curriculum, Volume 2, Module 12.