相信同学们在平常练习FRM考试时也厚有一些题型经常做错,对于这种易错题同学们需要做的就是经常练习,本次泽稷小编就从同学那里总结出了几道FRM考试常见的易错题,有兴趣的同学可以试着做做看。

FRM考试易错题汇总

1.Which of the following bonds bears the greatest price impact if its yield declines by one percent?A bond with:

A.30-year maturity and selling at 100.

B.10-year maturity and selling at 100.

C.10-year maturity and selling at 70.

D.30-year maturity and selling at 70.

Answer:D

There are three features that determine the magnitude of duration:

(1)The lower the coupon,the greater the bond price volatility.

(2)The longer the term to maturity,the greater the price volatility.

(3)The lower the initial yield,the greater the price volatility.

The bond with the 30-year maturity will have a greater price impact than the 10-year maturity.The bond selling at the greatest discount will have a large price impact,a discount means that the coupon payments are low or the initial yield is low.So,the bond with the 30-year maturity and selling at 70 will have the greatest price volatility.

2.Which of the following reasons most completely describes why country risk assessment is prone to error?

A.While data is accurate,it is often incomplete.

B.Different accounting standards are used in different countries.

C.Disclosure requirements are inconsistent across international borders.

D.The exchange rate correlations are unstable during economic downturns.

Answer:D

In addition to contagion,there are other reasons why country risk assessment is prone to error.First of all,the interrelationship among the relevant variables is complex and hard to model.Also,many sovereign and foreign borrowers provide incomplete and/or inaccurate information.

3.The characteristic function of the product of independent random variables is equal to the:

A.square root of the product of the individual characteristic functions.

B.exponential root of the product of the individual characteristic functions.

C.product of the individual characteristic functions.

D.sum of the individual characteristic functions.

Answer:C

The characteristic function of the sum of independent random variables is equal to the product of the individual characteristic functions.E(XY)=E(X)×E(Y)

FRM考试易错题汇总。如果有同学正好在备考FRM考试的话,那可是赚到了,泽稷小编这里为大家准备了一份FRM考试的备考资料,同学们可以免费领取哦~》》2019—2020FRM通关大礼包免费领取(同学们要留下真实信息以便小编发送哦~)

扫码咨询泽稷老师,解读CFA®考试政策变动,海量CFA®学习资料免费领取提供在线解答CFA®学习疑惑。