CMT-Level-I問題集、CMT Association実際の試験問題

質問 1

An exponentially smoothed moving average:114115

A. None of the above

B. Cannot be plotted on a bar chart120

C. Gives more weight to more r118ecent observations119

D. Excludes older price points in the calculation116117

正解: C

解説: (PassTest メンバーにのみ表示されます)

質問 2

Which of the following is the best suited to decide whether a stock is underperforming a market or not?

A. Divergence studies

B. Moving averages313233

C. Relative strength index

D. Relative strength

正解: D

解説: (PassTest メンバーにのみ表示されます)

質問 3

_______ provide investors with the option to swap debt for equity.

A. Putable bonds

B. Treasury bills

C. Callable bonds

D. Convertible bonds

正解: D

解説: (PassTest メンバーにのみ表示されます)

質問 4

The Kondratieff cycle extends for a period of about:

A. 50 years

B. 13 years

C. 60 years

D. 54 years

正解: D

解説: (PassTest メンバーにのみ表示されます)

質問 5

Lower-priced securities tend to have greater ATR (Average True Range) than higher-priced securities.

A. True

B. False

正解: B

解説: (PassTest メンバーにのみ表示されます)

質問 6

Accumulation normally occurs:1213

A. Near a market bottom1415

B. In declining markets1819

C. After a completed trading range2021

D. Near a market top1617

正解: A

解説: (PassTest メンバーにのみ表示されます)

質問 7

As the price unit of a reversal on a point and figure chart is decreased:

A. The detail of price movement graphically displayed is increased

B. The possibility of whipsaws decreases

C. The detail of price movement graphically displayed is decreased

D. Time analysis becomes more critical for interpretation

正解: A

解説: (PassTest メンバーにのみ表示されます)

質問 8

A method to detrend data to determine if a cycle exists is to:

A. Plot a linear regression line through the data midpoint

B. Divide the current prices by a moving average of those prices

C. Apply volume weighting to both high and lows in the data

D. Multiply price by volume

正解: B

解説: (PassTest メンバーにのみ表示されます)

質問 9

In point and figure charting, the ability to obtain price objectives through use of the horizontal count is a principal advantage of the:

A. Five box reversal chart

B. All of the above

C. Three box reversal chart

D. One box reversal chart

正解: D

解説: (PassTest メンバーにのみ表示されます)

質問 10

Which of the following statements is NOT in accordance with the ethical standards adopted?

A. One should strive to maintain and improve the competence47

B. The interest of clients should be rated higher than that of the analyst

C. During the analysis of a stock, an analyst should also give weightage to the views of other analysts

D. One should encourage others to practice high standards of ethics

正解: C

解説: (PassTest メンバーにのみ表示されます)

質問 11

Put-call parity refers to:

A. The link between an asset's put and call premiums as they relate to the price of the underlying asset

B. Equal volatility for an asset's puts and calls

C. Equality of premiums for an asset's puts and calls of the same strike and expiration

D. Expected volatility of an asset based on its option premiums

正解: A

解説: (PassTest メンバーにのみ表示されます)

質問 12

At least _______ touches of each trend line are required for a valid rectangle.118119

A. Three124125

B. One120121

C. Two122123

D. Four126127

正解: C

解説: (PassTest メンバーにのみ表示されます)

質問 13

_______ affects the amount of funds available to the economy as well as their cost.

A. Monetary policy

B. Credit policy

C. Investment policy

D. Economic policy

正解: A

解説: (PassTest メンバーにのみ表示されます)

質問 14

What is the general term for rate-of-change momentum indicators?

A. RSI

B. Stochastic

C. Oscillators

D. MACD

正解: C

解説: (PassTest メンバーにのみ表示されます)

質問 15

Which of the following measures makes use of price and volume in its calculation?

A. Relative Strength Index (RSI)

B. Money Flow Index (MFI)

C. Arms Index

D. Plurality Index

正解: B

解説: (PassTest メンバーにのみ表示されます)

CMT Association CMT Level 1 - CMT-Level-I 模擬練習