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Basic Question 2 of 3

The first step in the investment process should be the formulation of a ______.

A. policy statement
B. list of investment alternatives
C. current income statement

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I was very pleased with your notes and question bank. I especially like the mock exams because it helped to pull everything together.
Martin Rockenfeldt

Martin Rockenfeldt

Learning Outcome Statements

describe the reasons for a written investment policy statement (IPS)

describe the major components of an IPS

CFA® 2024 Level I Curriculum, Volume 6, Module 4.