That means anyone can get an average of 33.3% without any study. I wonder how many ppl that passed just studies less than 50% of the material and then guessed their way through.
My uni always use five choices.
ps, what is the passing score?
if you are taking the exam in Dec - you are much better served by studying, instead of going around posting 76 meaningless questions like you have. None of them seems to be actually related to study.
and you also post questions on the L2 forum asking if that is easier than L1 - or more difficult - really - first pass Level 1.
As to why 3 choices - they can make the answers that much more difficult for you to differentiate between.
None.
Evidently your professors aren’t nearly as good at coming up with incorrect but plausible answers as CFA Institute is.
CFA Institute never discloses that.
But unless you spend more time studying and less time posting here, you’re not going to meet it, whatever it is.
okay i’ll try to concentrate more.