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Basic Question 1 of 11

The macroeconomic models assume that the returns to each asset are correlated with ______.

A. only the surprises in some factors
B. only the actual values of some factors
C. only the expected values of some factors

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I just wanted to share the good news that I passed CFA Level I!!! Thank you for your help - I think the online question bank helped cut the clutter and made a positive difference.
Edward Liu

Edward Liu

Learning Outcome Statements

describe and compare macroeconomic factor models, fundamental factor models, and statistical factor models;

CFA® 2025 Level II Curriculum, Volume 5, Module 40.