2020年CFA考试《CFA三级》考试共题，分为。小编每天为您准备了5道每日一练题目（附答案解析），一步一步陪你备考，每一次练习的成功，都会淋漓尽致的反映在分数上。一起加油前行。

1、The number of IGBVL futures contracts needed to establish the position recommended by Mamani for Huanca is closest to:【单选题】

A.46.

B.43.

C.49.

正确答案:B

答案解析:

2、In response to Perrin’s Concern #1, human capital will most likely:【单选题】

A.decrease.

B.remain the same.

C.increase.

正确答案:C

答案解析:C is correct. Human capital, HC

3、Which of the following statements is correct under the Code and Standards?【单选题】

A.CFA Institute members and candidates are prohibited from undertaking independent practice in competition with their employer.

B.Written consent from the employer is necessary to permit independent practice that could result in compensation or other benefits in competition with a member’s or candidate’s employer.

C.Members and candidates are prohibited from making arrangements or preparations to go into a competitive business before terminating their relationship with their employer.

正确答案:B

答案解析:The correct answer is B. Under Standard IV(A)—Loyalty, members and candidates may undertake independent practice that may result in compensation or other benefit in competition with their employer as long as they obtain consent from their employer. Answer C is not consistent with the Standards because the Standards allow members and candidates to make arrangements or preparations to go into competitive business as long as those arrangements do not interfere with their duty to their current employer. Answer A is not consistent with the Standards because the Standards do not include a complete prohibition against undertaking independent practice.

4、Which of Kelly's recommendations is least likely to be effective?【单选题】

A.Recommendation 1

B.Recommendation 2

C.Recommendation 3

正确答案:B

答案解析:It is recommended that investment committees be composed of people with differing skills and experiences, not similar as Kelly has suggested. Decision makers are most likely to learn to control harmful behavioral biases when they have repeated attempts at decision making and there is good quality feedback on prior outcomes. The investment committee chair should actively encourage alternative opinions so that all perspectives are covered. Asking for individual views prior to discussion can help mitigate the impact of group thinking.

5、Regarding the notes to Exhibit 1, the GIPS standards would most likely imply that:【单选题】

A.Notes 1 and 7 are required and Note 2 is recommended.

B.Notes 3 and 8 are required and Note 6 is recommended.

C.Notes 1 and 2 are required and Note 7 is recommended.

正确答案:A

答案解析:Note 1 is required. It describes the definition of the firm used to determine the total firm assets. Note 2 is recommended because the firm is encouraged but not required to provide a list of the firms contained within the parent company. Note 7 is required because firms must disclose which dispersion measure is presented.