Quick reference items are fully complete for all Level I CFA® topics.
Quantile
Quantiles are values that divide a dataset into equal parts. For example, the median is the middle quantile of a dataset, dividing it into two equal parts. The first quartile is the lower quantile, dividing the dataset into the bottom 25% and top 75%, while the third quartile is the upper quantile, dividing the dataset into the bottom 75% and ...
Quantity Theory of Money
Asserts that total spending (in money terms) is proportional to the quantity of money.
Quick ratio
Quick ratio = (Cash + Marketable Securities + Receivables) / Current Liabilities See also: Current ratio, Cash ratio
Quotas
Government-imposed limits on the amount of imports allowed for each period. See also: Tariffs, Voluntary Export Restraints, Export Subsidies
Quote-driven market
In quote-driven markets, traders transact with dealers or market makers who post bid and ask prices. The dealers maintain an inventory of securities. Quote-driven markets are commonly known as over-the-counter markets because securities used to be literally traded over the dealer’s counter in the dealer’s office. Now, most trades in OTC markets are conducted electronically. Most securities other than ...
