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、Which of Hudgens’s reasons for choosing bond mutual funds as an investment 【单选题】

A.Reason 1

B.Reason 2

C.Reason 3

正确答案: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?【单选题】

A.Independent individualist

B.Active accumulator

C.Friendly follower

正确答案: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?【单选题】

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

正确答案: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?【单选题】

A.Receive return on Nikko Bond Performance Index

B.Receive Libor

C.Pay return on Nikkei 225 Index

正确答案:B

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

5、【单选题】

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.

正确答案:B

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