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Basic Question 3 of 4

Taxes are an important investment constraint for ______.

A. individuals
B. banks
C. endowments

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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 the investment constraints of liquidity, time horizon, tax concerns, legal and regulatory factors, and unique circumstances and their implications for the choice of portfolio assets

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