- CFA Exams
- Level I 2020
- Study Session 12. Equity Investments (1)
- Reading 36. Market Organization and Structure
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Learning Outcome Statements PDF Download
| 1. The Functions of the Financial System a. explain the main functions of the financial system; | |
| 2. Assets and Contracts b. describe classifications of assets and markets; c. describe the major types of securities, currencies, contracts, commodities, and real assets that trade in organized markets, including their distinguishing characteristics and major subtypes; | |
| 3. Financial Intermediaries d. describe types of financial intermediaries and services that they provide; | |
| 4. Positions e. compare positions an investor can take in an asset; f. calculate and interpret the leverage ratio, the rate of return on a margin transaction, and the security price at which the investor would receive a margin call; | |
| 5. Orders g. compare execution, validity, and clearing instructions; h. compare market orders with limit orders; | |
| 6. Primary Security Markets i. define primary and secondary markets and explain how secondary markets support primary markets; | |
| 7. Secondary Security Market and Contract Market Structures j. describe how securities, contracts, and currencies are traded in quote-driven, order-driven and brokered markets; | |
| 8. Well-Functioning Financial Systems k. describe characteristics of a well-functioning financial system; | |
| 9. Market Regulation l. describe objectives of market regulation. |
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