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NEW QUESTION: 1
You take a EUR deposit on Monday, 13 February. Assuming there is no intervening bank holidays, what is the one-month maturity date?
A. Monday, 13 March
B. Thursday, 16 March
C. Tuesday, 14 March
D. Wednesday, 15 March
Answer: D

NEW QUESTION: 2
Saunders, a mining analyst for Hokassen Investments, has completed his analysis of Okun Drilling &
Mining for a wealthy client of Hokassen. He has concluded that, based on core samples and geological surveys of land owned or leased by Okun, the company has in excess of 1 million ounces of gold available to mine. Saunders drafts a research report stating the following: 'Based on the fact that the company has 1 million ounces of gold to be mined, I recommend purchasing Okun stock for your portfolio.' If Saunders presents his report to the wealthy client, he will have:
A. Violated Standard V A (Diligence and Reasonable basis) because he did not have a reasonable and adequate basis for his recommendation.
B. Violated Standard 3 C (Suitability) because he did not indicate the basic characteristics of the investment.
C. Complied with CFA Institute's Standards of Professional Conduct.
Answer: A

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