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**Level I** focuses on foundational knowledge. It covers the basic tools and concepts of investment analysis and management. The exam primarily tests your ability to recall and understand the core concepts. The topics include ethical and professional standards, quantitative methods, economics, financial reporting and analysis, corporate finance, equity investments, fixed income, derivatives, alternative investments, and portfolio management. The format of the Level I exam is multiple-choice questions. Passing Level I demonstrates that you have a solid grasp of the fundamental knowledge required for investment analysis.
