CFA Practice Question

There are 361 practice questions for this study session.

CFA Practice Question

Each of the following is a reason why the GIPS were created, except that ______
A. GIPS were established to compete with the European-based mandatory global-investment-performance standards.
B. many countries have not established investment performance standards.
C. the clients and prospective clients reside in different countries, and investment management firms have operations in multiple countries.
Explanation: Compliance with GIPS is voluntary. GIPS were created to fill the void of globally recognized investment performance standards. There are no mandatory global standards.

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