- CFA Exams
- CFA Level I Exam
- Topic 5. Equity Investments
- Learning Module 1. Market Organization and Structure
- Subject 3. Financial Intermediaries
CFA Practice Question
Which of the following parties can act as depository institutions?
II. Credit unions
III. SPEs
I. Brokers
II. Credit unions
III. SPEs
Correct Answer: I and II
Brokers may lend money to clients who want to buy securities on margin.
User Contributed Comments 5
| User | Comment |
|---|---|
| Shaan23 | You could memorize the entire CFA textbook and fail the exam for jokes. Without Q's its impossible. I would've never got this. |
| ldfrench | ^That's why this site is so valuable. All about learning how to answer the questions we could be asked. |
| timkalt | So SPEs are SPVs and do not act as depository institutions. Abreviations... |
| khalifa92 | any kind of broker or a specified one? |
| khalifa92 | Answering my own question; Leveraged positions; next LOS. |