Question on AM Grading
I am going thorugh past AM exams published by CFAI, and want to be sure when it comes to grading of questions that state e.g. “Identify one factor…”.
The recommended answer then usually gives 2-4 (short) factors. I just want to be sure that this is the maximum of possible answers and that one of them would indeed be sufficient to get full points on the question. They also seem to be stated in the order of importance sometimes, meaning the most prominent factor is listed first. If I would only (correctly) identify the least prominent factor, I would think that this still gets all the points. Is that correct?
Study together. Pass together.
Join the world's largest online community of CFA, CAIA and FRM candidates.