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June 2020 Level I
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June 2020 Level I
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CFA Exam: June 2020 Level I
Study Session 1. Ethical and Professional Standards
Reading 1. Ethics and Trust in the Investment Profession
Subject 2. Ethics and Professionalism
Practice Question
Basic Question
The CFA Institute Code and Standards are an example of ______ standards.
A. rule-based
B. principle-based
C. action-based
Correct Answer: B
Principle-based standards apply to all members of the community or organization at all times.
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