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Yes. Pick “Quiz” instead of “Flashcards” to get a multiple-choice quiz from a subject, your notes, or a file, or press “Quiz me” on any deck. You get a score, the correct answers with explanations, and can redo it with reshuffled questions. Quizzes can be shared like decks.

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How is Quizcard different from Quizlet or Anki?

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Exam prep · CFA Level I

CFA Level I flashcards from the curriculum you already have

Level I is 180 questions across ten topics, and most candidates fail on breadth, not depth. The decks below cover the quantitative and accounting foundations; the rest comes from carding your own curriculum readings as you go.

Start studying free Turn my prep book into flashcards

Updated 2026-10-23. Decks are shared by Quizcard and its users; study them on the page or copy them into a free account.

CFA Level I at a glance

Format: 180 multiple-choice questions in two 135-minute sessions of 90 questions each, computer-based.
Windows: Four exam windows a year (typically February, May, August and November). Register through CFA Institute.
Scoring: Pass or fail against a minimum passing score set after each window. Recent Level I pass rates have been in the 40s percent.
Study time: CFA Institute reports candidates average around 300 hours per level.

What the CFA Level I tests

Ethical and Professional Standards. 15 to 20%. The Code and Standards, GIPS. Heavily tested and card-friendly.
Quantitative Methods. 6 to 12%. Time value of money, probability, distributions, hypothesis testing, regression basics.
Economics. 6 to 12%. Micro and macro, business cycles, monetary and fiscal policy, trade and currencies.
Financial Statement Analysis. 11 to 14%. Statements, inventories, long-lived assets, taxes, ratios.
Corporate Issuers. 6 to 9%. Governance, capital structure, working capital, cost of capital.
Equity Investments. 11 to 14%. Markets, indexes, valuation models.
Fixed Income. 11 to 14%. Bond pricing, yields, duration, credit analysis.
Derivatives. 5 to 8%. Forwards, futures, options, swaps, basic pricing.
Alternative Investments. 7 to 10%. Hedge funds, private equity, real estate, commodities.
Portfolio Management. 8 to 12%. Risk and return, CAPM, portfolio planning, behavioral finance basics.

Free CFA Level I flashcard decks

Missing a topic? Upload the chapter from your prep book and Quizcard builds the deck for you, grouped by topic, with figures kept from PDFs. How it works.

Test yourself: free CFA Level I practice quizzes

Each quiz scores you at the end and explains every answer. Redo it any time; the questions reshuffle.

Sample cards from “CFA Level I - Quantitative Methods Glossary”

Opportunity Cost

Answer: The value that investors forgo by choosing a particular course of action — the return that could have been earned on the next best alternative.

Real Risk-Free Rate

Answer: The single-period interest rate for a completely risk-free security if no inflation were expected. Reflects time preferences for current vs. future consumption.

Required Rate of Return

Answer: The minimum rate of return an investor must receive to accept an investment.

Interest Rate

Answer: A rate of return reflecting the relationship between differently dated cash flows. Interpreted as required rate of return, discount rate, or opportunity cost.

Discount Rate

Answer: The rate used to discount future cash flows to find their present value.

Inflation Premium

Answer: Compensation for expected inflation over the maturity of a debt instrument. Reduces the purchasing power of money.

Showing 6 of 121 cards. Study the whole deck or copy it into your account.

A flashcard study plan for the CFA Level I

Months 1 to 2: one topic at a time. Read the curriculum reading, upload it, generate a deck into a folder per topic, and study it the next day. Ethics first and last.
Month 3: end-of-chapter questions and topic tests. Card every formula and every definition you missed.
Month 4: two full mock exams, spaced two weeks apart. Study only the missed deck and the formula deck between them.
Last week: Ethics reread, formulas daily, light mock review.

How to write CFA Level I cards that work

Formula cards need the variables defined and the one trap: for example, “effective annual rate: compounding frequency matters.”
Ethics cards work as mini-cases: situation on the front, the Standard it falls under and whether it is a violation on the back.
FSA cards should be “effect on” cards: “LIFO in rising prices: effect on COGS, net income, taxes, inventory?”
Keep a separate formula deck. Flip it every day of the final month.

Questions

Can Quizcard read the CFA curriculum PDFs?

Yes. Upload a reading and it generates a deck grouped by learning outcome. Long readings need Pro (up to 150 pages per document).

Is there a full Level I deck here?

The quantitative methods glossary is the largest public deck; the others cover accounting, economics and statistics foundations. Build the rest from your own readings.

Can I export to Anki?

Every deck exports to CSV, which Anki imports.

Other exams

Official information: CFA Institute: Level I. Formats and weights change; check the official page before test day.

Try it with your own material

Upload a PDF, slides or notes and study the deck in minutes. Making your own cards is free with no limits.

Make flashcards from my prep book See how Quizcard works