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Basic Question 6 of 7
The GIPS standards require that ______
II. benchmarks should be selected after the fact.
III. composites should be created on an ex-ante basis.
IV. composites should be created after the fact.
I. benchmarks should be selected on an ex-ante basis.
II. benchmarks should be selected after the fact.
III. composites should be created on an ex-ante basis.
IV. composites should be created after the fact.
User Contributed Comments 5
| User | Comment |
|---|---|
| omya | Benchmarks n composites should both be selected ex ante basis... |
| nabilhjeily | what do we mean by benchmarks here |
| johntan1979 | Benches with marks on them |
| abellochs | good one |
| Kennyk11 | Ex ante literally means "before the event(fact)" in Latin. This is so that no one can have an unfair advantage since everybody is on the same boat before the event occurs. http://www.investopedia.com/terms/e/exante.asp |
I am happy to say that I passed! Your study notes certainly helped prepare me for what was the most difficult exam I had ever taken.
Andrea Schildbach
Learning Outcome Statements
describe the key concepts of the GIPS Standards for Firms
CFA® 2025 Level I Curriculum, Volume 6, Module 4.