CFA Level 1 Exam

3959 Questions

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Question No. 1

Which of the following is not an example of an inflationary change in prices?

I. A car dealer decides to charge more for a new model year of cars because of new features
II. A university decides to increase tuition to pay for a new athletic field
III. An electronics retailer charges more for new DVD players than for outdated VCRs
Choose the correct option from the given list.
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