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CFA Level II Vignettes Ethics Standards Gold Investments MCQs Test 3
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CFA Level II Vignettes Ethics Standards Gold Investments MCQs Test 3

Practice CFA 2026 Level II Vignettes Ethics Standards MCQs from Gold Investments. Get instant results with Explanation.
Practice Quiz 3 for "Gold Investments" (Ethics Standards). Total 30 MCQs available, split into 3 quizzes. Challenge yourself with advanced application-based questions. Mastering these concepts is essential for securing a high percentile in CFA.
General10 MCQs
1. Vignette 5: Precious Metals Advisory - David Williams, CFA, tells clients that "gold will provide a guaranteed 8% annual return over the next decade." Has Williams violated the Standards?
2. Williams recommends a gold fund with a 5-year lock-up period to a client who may need liquidity within two years. Which Standard has Williams violated?
3. Williams discloses a client's gold investment strategy and holdings to a journalist without the client's consent. Which Standard has Williams violated?
4. Williams recommends a gold mining company to clients in which Williams holds a significant personal position. He does not disclose this holding. Which Standard has Williams violated?
5. Williams recommends a gold mining stock based on the company's unaudited reserve estimates, without conducting his own verification. Which Standard has Williams violated?
General10 MCQs
6. Vignette 6: Goldcrest Asset Management - Patricia Harrison, CFA, receives a $5,000 gold coin from a client as a "performance bonus." Which Standard has Harrison most likely violated?
7. Harrison recommends that a client purchase physical gold from a dealer that pays Harrison a commission, without disclosing the commission. Which Standard has Harrison violated?
8. Harrison discusses a client's gold holdings and investment amounts with another client at a social event without consent. Which Standard has Harrison violated?
9. Harrison recommends a gold options strategy with significant leverage to a conservative client who seeks capital preservation. Which Standard has Harrison violated?
10. Harrison recommends a specific gold storage facility to clients. Harrison's spouse owns the facility. Harrison does not disclose this relationship. Which Standard has Harrison violated?

📋 CFA - Test Online Practice Quizzes

CFA

Conducting Body: CFA Institute
Frequency: 4 times a year (February, May, August, November) | Time: 70 Minutes
Negative Marking: No

⚡ Test Pattern (Total: 90 MCQs):

Subject breakdown not available.

Merit Formula: -