2020年CFA考试《CFA三级》考试共题，分为。小编为您整理精选模拟习题10道，附答案解析，供您考前自测提升！

1、【单选题】

A.Country 1.

B.Country 2.

C.Country 3.

正确答案:B

答案解析:To determine the country with the highest expected real GDP growth rate, use the following formula to solve for the expected 

2、Subramanium's answers to Radia's question regarding manager continuation policy best describes a Type I error for:【单选题】

A.both statements.

B.the second statement and a Type II error for the first statement.

C.the first statement and a Type II error for the second statement.

正确答案:A

答案解析:The null hypothesis is that the manager has no skill while the alternative is that the manager is skillful. The first statement describes a Type II error (not rejecting the null when it is incorrect) and the second statement describes a Type I error (rejecting the null when it is correct).

3、Is Perreaux correct with respect to key features of cash flow matching?【单选题】

A.Yes.

B.No, only Feature 1 is correct.

C.No, only Feature 2 is correct.

正确答案:B

答案解析:B is correct. Cash flow matching has no yield curve or interest rate assumptions. With this 

4、【单选题】

A.information ratio.

B.idiosyncratic risk.

C.collateral requirement.

正确答案:A

答案解析:

5、【单选题】

A.assumes that investors value earnings rather than dividends.

B.

C.

正确答案:B

答案解析:B is correct. A criticism of the Fed model that the Yardeni model does address is that the Fed 

6、Based on the data given in Exhibit 1, the time-weighted return (TWR) is closest to:【单选题】

A.0.63%.

B.0.67%.

C.1.27%.

正确答案:B

答案解析:

7、【单选题】

A.Only the retail trades comply.

B.Only the institutional trades comply.

C.Neither the retail nor the institutional trades comply.

正确答案:B

答案解析:

8、【单选题】

A.buying the Greek 5-year 

B.

C.

正确答案:A

答案解析:A is correct. As shown in the previous question, the Greek bond is the most attractive. Although the Peso is expected to 

9、【单选题】

A.No.

B.Yes, with respect to priority of client interests only.

C.

正确答案:C

答案解析:C is correct. Schmidt is on the board of a company whose stock is in microcap indexes. This is a 

10、Based on Exhibit 1 and the notes following the exhibit, Arcadia is least likely in compliance with the GIPS standards with regard to the:【单选题】

A.performance presentation.

B.measure of internal dispersion.

C.performance record.

正确答案:C

答案解析:Arcadia is required by the GIPS standards to present five years of performance because the composite has been in existence for that period. The small-cap composite was started on 31 December 2007. For each composite presented to be GIPS compliant, the Standards require that firms show at least 5 years of annual performance (less if the firm or composite has been in existence for a shorter period) and then the performance record must be extended each year until 10 years of results have been presented.