Some of these changes are as follows: 1  The Church was no longer independent from the state. 2  They reached the end of feudalism. 3  The people of France gained rights and liberties, along with legal equality. 4  Women gained some power; mainly a voice for political and social rights.
The CFA Program includes a series of three exams; Levels I, II, and III. Are offered annually â at test centers around the world â on the first Saturday in June. The Level I exam is also offered in December.
Most of the Level I and II CFA (Chartered Financial Analyst) June test-takers are probably freaking out this morning as they constantly check their email for results. The CFA Institute said they'll send the results at 9:00 AM EST today.he thing is most of the test-takers will probably fail the grueling six-hour long exam. Need proof? In June 2011 and December 2011 the pass rates for Level I were 39% and 38%, respectively. For Level II test-takers in those same months the pass rates were 43% and 47%.