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NEW QUESTION: 1
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NEW QUESTION: 2
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In allowing a claim of being in compliance with the PPS, AIMR requires that the compliance be on a
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A. A subset of assets managed in one or more base currencies.
B. None of these answers.
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Answer: A
Explanation:
Explanation/Reference:
Explanation:
The entire subset of a firm's assets which are managed in one or more bases currencies must be included in the definition of "a firm" as far as PPS is concerned. For example, an organization cannot claim a proper subset of the assets it manages in Netherlands as "a firm" and claim compliance for that subset. It must include the entire portfolio managed in the Netherlands Guilders.

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