Just wanted to share a piece of information that I came across on the CFA website. Starting from 2009, CFA exams will have three answer choices on the multiple choice questions. I think this will make the exam relatively easier as there will be one less distracting option to confuse us in the exam. Would be interested to hear your comments… https://www.cfainstitute.org/cfaprog/courseofstudy/sample.html
maybe not. that means the questions are maybe going to be harder there are not much difference if you understand the concepts, i guess.
I reckon that for most of the people that have put in the hardwork, it usually boils down to two choices on questions. Having said that, the advantage is that we might be able to save time by not having to read an extra obvious incorrect choice.
Why stop there? why not just put 1 answer choice =P
lily1229 Wrote: ------------------------------------------------------- > maybe not. > that means the questions are maybe going to be > harder > there are not much difference if you understand > the concepts, i guess. 3 answer choices means Christmas came early. The mean score will increase due to luck.
i doubt cfa institute is going to drastically change the test. it’s still going to be a hard exam with 3 or 4 answer choices. the main drawback i see is that 2009 will be first, completely experimental year that we will have to go through this. will schweser adapt their qbank to reflect these changes? will cfai change their problems? for example if a company uses fifo instead of lifo in times of rising prices, what happens to the following? dep end inv roa net income a) down up down up b) down up down down c) up down down up they could make really devious questions with the above-mentioned format
there is no way in hell that the exam is going to be any easier, just a change in the format.