What to know
Identify the rule, formula, or decision criterion before reading the answer choices. CFA Level I distractors often use the right vocabulary with the wrong condition.
Alternative Investments
Digital Assets practice questions
Digital Assets is part of CFA Level I Alternative Investments. Alternative Investments questions emphasize private capital, real estate, infrastructure, natural resources, hedge funds, digital assets, and performance measurement. Use this page to review the controlling ideas, then work through 2 questions with answer explanations and common traps.
Review the worked explanations before moving into adaptive practice. The app version can mix this topic with due reviews and weak related concepts.
Practice this topicHow to practice
Work each item under time pressure, then compare your reasoning with the step-by-step explanation and key takeaway.
Review signal
Missed questions should become scheduled reviews when the error comes from a concept gap, formula setup, or answer-choice trap.
Alternative Investments
Digital Assets
A token recorded on a distributed ledger provides no contractual cash flow, has uncertain regulatory treatment, and is held through a lightly regulated offshore platform. The risks most specific to this exposure are:
View sampleAlternative Investments
Digital Assets
A bank uses distributed ledger technology to reduce reconciliation time in cross-border settlement while maintaining permissioned access for regulated institutions. This application is best described as:
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