CFA Practice Question

There are 275 practice questions for this study session.

CFA Practice Question

Which of the following parties can act as depository institutions?

I. Brokers
II. Credit unions
III. SPEs
Correct Answer: I and II

Brokers may lend money to clients who want to buy securities on margin.

User Contributed Comments 5

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.
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