2019 CFA level 1reading 1 ethics and trust in the investment profession questions and answers

01234567ÿ9
ÿ6ÿ


ÿÿÿÿÿÿÿÿ  !ÿ ÿ"

#$ÿÿÿÿ%
&$'ÿÿÿÿÿÿÿ ÿ %
($ÿÿÿÿÿ)ÿÿÿÿ %

01234567ÿ97ÿ6ÿ



re
.in

*+,-.7.4567
ÿÿÿÿÿÿÿÿ!ÿÿÿÿÿÿ)ÿÿ
 ÿÿ%
/0'!ÿ0ÿ12ÿ3'ÿ1%12ÿ450ÿ1%6

8ÿÿÿÿÿ9'ÿÿÿÿÿÿÿ':ÿ
ÿÿÿ"

ok
c

en
t

#$'ÿ'ÿ';9ÿÿÿ'%
&$'ÿ'ÿ;9ÿÿÿ'%
($ÿÿÿÿ'ÿÿÿ'%

w
.o

m

bo

*+,-.7.4567
ÿÿÿÿ!ÿ'ÿÿÿ'2ÿ9'ÿÿÿ<'ÿ%
/0'!ÿ0ÿ12ÿ3'ÿ1%12ÿ450ÿ1%96

w

01234567ÿ9=ÿ6ÿ



w

0ÿÿ'ÿÿÿ'!ÿ9ÿ"

#$ÿ!ÿÿÿ!ÿÿ%

&$)ÿ9ÿÿÿ' ÿÿ'ÿ)ÿÿ 9ÿ9)%
($ )ÿÿ'9ÿÿÿ)'ÿÿÿ> ÿÿÿ' ÿÿ%
*+,-.7.4567
0ÿÿ'ÿÿ ?ÿ'ÿ)ÿÿ> ÿ9)ÿÿ)'ÿ'2
ÿÿÿÿÿ'ÿ)ÿÿ)'ÿÿÿ> ÿÿ
9)%ÿ
ÿÿÿÿÿÿ!ÿ'ÿÿÿ'%
/0'!ÿ0ÿ12ÿ3'ÿ1%12ÿ450ÿ1%96

01234567ÿ9@ÿ6ÿ


Aÿÿÿ9)ÿÿÿ!ÿÿÿ"


0123456437869ÿ385
8

2
1384
869ÿ743643782
1386
564
ÿ463838

3456437869ÿ385
8

2!ÿ"#3
#ÿ6

ÿ$6
472ÿ
%4
869ÿ47ÿ6ÿ
32378ÿ6&
!ÿ6
ÿ4#
ÿ724ÿ93&
9'ÿ275