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Basic Question 2 of 15
Which of the following parties can act as depository institutions?
II. Credit unions
III. SPEs
I. Brokers
II. Credit unions
III. SPEs
User Contributed Comments 6
| 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. |
| DATMAN | Do i miss the question, does the credit unions not accept deposit, my readings are telling me the act similar functions with commercial banks though they are non profit financial institutions |
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 types of financial intermediaries and services that they provide
CFA® 2026 Level I Curriculum, Volume 3, Module 1.