2020年CFA考試《CFA三級》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，都會淋漓盡致的反映在分?jǐn)?shù)上。一起加油前行。

1、Simpson discusses both the definition of market liquidity and how to assess market quality. Are her statements correct?【單選題】

A.Only the market liquidity statement is correct.

B.Only the market quality statement is correct.

C.Both statements are correct.

正確答案:B

答案解析:The factors listed by Simpson that make a market liquid are not all correct. The major factors that contribute to making a 

2、【單選題】

A.Statement about an 

B.

C.

正確答案:B

答案解析:B is correct. Kreuzer’s statement about an advantage of VaR is wrong because the VaR for 

3、【單選題】

A.is unaffected by stocks splits.

B.

C.holds the same number of shares in each component stock.

正確答案:C

答案解析:C is correct. The initial benchmark used for the US large-cap allocation is a price-weighted index. In a 

4、Which of the criteria outlined by Alpha is least accurate with respect to the selection of a fixed-income manager?【單選題】

A.Criterion 1

B.Criterion 2

C.Criterion 3

正確答案:B

答案解析:Decomposing a portfolio's historical returns shows whether a manager has skill in security selection. For long periods, when fund fees and expenses are factored in, the realized alpha of fixed-income managers has averaged close to zero with little evidence of persistence.

5、【單選題】

A.Indemnity plan

B.Preferred provider plan

C.Health maintenance organization plan

正確答案:C

答案解析:C is correct. A health maintenance organization plan is a type of medical insurance that