CFA Practice Question

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CFA Practice Question

Which of the following is correct?
A. Return Objectives address the liquidity needs and time horizons of clients.
B. A Policy Statement lays out the duties of an investment advisor to her client.
C. The Investment Constraints include: Liquidity Constraints, Time Horizon, Tax Concerns, Legal and Regulatory, and Unique Circumstances.
Explanation: A policy statement is the statement that contains the investor's goals and constraints as they relate to his investments.

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