2020年CFA考試《CFA三級(jí)》考試共題，分為。小編每天為您準(zhǔn)備了5道每日一練題目（附答案解析），一步一步陪你備考，每一次練習(xí)的成功，都會(huì)淋漓盡致的反映在分?jǐn)?shù)上。一起加油前行。

1、Which of Hudgens’s reasons for choosing bond mutual funds as an investment 【單選題】

A.Reason 1

B.Reason 2

C.Reason 3

正確答案:B

答案解析:B is correct. Although a significant spread between the market price of the underlying fixed-income 

2、Which behavioral investor type most likely describes Michael Donnelly?【單選題】

A.Independent individualist

B.Active accumulator

C.Friendly follower

正確答案:B

答案解析:Donnelly is entrepreneurial and created his own wealth. He lacks spending controls, does not believe in the benefits of portfolio diversification, has a high risk tolerance, and prefers high-risk investments recommended by friends. These are all attributes of an active accumulator.

3、Regarding the session about the influence of psychological risk profiles on decisions, Reyder's comments about which of the Jones family members is most accurate?【單選題】

A.Gladys

B.the proposed life insurance purchase adequately protects against Peter's mortality risk.

C.that the family's risks are appropriately addressed because the mean–variance model accounts for both financial market and longevity risks.

D.Peter

E.Mark

正確答案:D

答案解析:The comment about Peter is most accurate. As an individualist, he is less risk averse than Gladys, who is a methodical investor. Peter is thus more likely to want to increase equity exposure than Gladys. Mark (spontaneous) bases his decisions on feelings, whereas Gladys (methodical) decides based on logical thought. Gladys is not the most self-assured-that is a characteristic of the individualist.

4、Which of these is most likely to be a characteristic of one of the two swaps Watanabe describes to Sato?【單選題】

A.Receive return on Nikko Bond Performance Index

B.Receive Libor

C.Pay return on Nikkei 225 Index

正確答案:B

答案解析:One of the swaps would be pay Nikko Bond Performance Index return and receive Libor.

5、【單選題】

A.use of Dean’s summaries 

B.use of Dean’s summaries and forecasts: Yes. citation of studies found in Dean’s internet postings: No.

C.use of Dean’s summaries and forecasts: Yes. citation of studies found in Dean’s internet postings: Yes.

正確答案:B

答案解析:B is correct. Receiving Dean’s written permission does not absolve Jollie of her responsibility to