2022年《CFA三級(jí)》考試共240道單選題。幫考網(wǎng)為大家?guī)?lái)了精選模擬習(xí)題10道，附答案解析，供大家考前自測(cè)提升!

1、【單選題】

A.Adele Kastner.

B.Braunt Pensionskasse.

C.Franz Trading GmbH.

正確答案:C

答案解析:C is correct. The primary performance objective of Franz Trading GmbH is to add alpha

2、Regarding Exhibit 1, which item is least likely an errｏｒin the presentation?【單選題】

A.Note 3

B.Composite percentage of firm assets

C.Three-year standard deviation

正確答案:B

答案解析:The annualized three-year ex post standard deviation of monthly returns must be presented fｏｒboth the composite ａｎｄ the benchmark fｏｒeach annual period after 1 January 2011. Firms are required to disclose that policies fｏｒvaluing portfolios, calculating returns, ａｎｄ preparing compliant presentations are available upon request.

3、By engaging in a currency swap, Viewmont can ensure that quarterly earnings repatriated from Brazil are closest to:【單選題】

A.USD2,906,976.

B.USD4,844,961.

C.USD1,744,186.

正確答案:C

答案解析:Implied notional BRL principal = BRL5,000,000/(0.05/4) = BRL400,000,000

4、Peter Cavuto lives in a country that imposes a wealth tax of 0.5 percent on financial assets each year. His €500,000 portfolio is expected to return 5 percent per year over the next twenty years. Assuming no other taxes, what is Cavuto’s expected wealth at the end of twenty years?【單選題】

A.€1,200,100.

B.€1,205,857.

C.€1,326,649.

正確答案:A

答案解析:A is correct.

5、Which of Seymour’s comments regarding alternative ways to ａｌｔｅｒthe portfolio’s duration is most likely correct?【單選題】

A.The comment regarding a protective put

B.The comment regarding interest rate swaps

C.The comment regarding the covered call

正確答案:A

答案解析:The protective put buying strategy establishes a minimum value fｏｒthe portfolio if interest rates rise but allows the manager to benefit from a decline in rates if the manager’s view does not materialize.

6、【單選題】

A.In a context of hyperinflation, the approach may not be appropriate.

B.Corporate growth rates may not match GDP growth fｏｒlong periods.

C.

正確答案:C

答案解析:C is correct. Government-implemented measures are among the inputs that have an impact on

7、Given the data in Exhibits 1 ａｎｄ 2, the covariance between Market 1 ａｎｄ Market 2 is closest to:【單選題】

A.0.0225.

B.0.0243.

C.0.0027.

正確答案:B

答案解析:The covariance between Market 1 ａｎｄ Market 2 is calculated as follows:

8、【單選題】

A.Yes.

B.

C.

正確答案:A

答案解析:A is correct. The performance reporting procedures described by the administratｏｒare consistent

9、【單選題】

A.ｅｘｅｃｕｔｅ the trade immediately.

B.

C.ｅｘｅｃｕｔｅ the trade only after consulting the firm’s legal

正確答案:A

答案解析:Since Blackmore is Lange////\\'s supervisｏｒａｎｄ well experienced (including holding the CFA designation), ａｎｄ Lange has no

10、Tolliver////\\'s statement regarding the yield curve is most likely:【單選題】

A.incorrect with regard to fiscal policy.

B.incorrect with regard to monetary policy.

C.correct.

正確答案:A

答案解析:A flat yield curve is consistent with tight monetary policy ａｎｄ loose fiscal policy, which means that Tolliver’s statement is incorrect with regard to fiscal policy.

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