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CFA Level I Standard V(A) Diligence and Reasonable Basis question

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Standard V(A) Diligence and Reasonable Basis sample question

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Ethical and Professional Standards

Standard V(A) Diligence and Reasonable Basis

A strategist adopts a vendor macro model that ranks currencies. The vendor will NOT disclose the model's variables, testing period, or sensitivity to interest-rate assumptions. The strategist recommends large currency positions because the vendor has a strong brand. The most accurate conclusion is that the strategist:

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