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、【单选题】

A.diversifying.

B.mutually exclusive.

C.relatively homogeneous.

正确答案:C

答案解析:C is correct. In order to effectively specify asset classes for the purpose of asset 

2、【单选题】

A.€578,664.

B.€586,547.

C.€642,960.

正确答案:B

答案解析:B is correct. The after tax wealth accumulation for annually taxable income is

3、Which of the following statements clearly conflicts with the recommended procedures for compliance presented in the CFA Institute Standards of Practice Handbook?【单选题】

A.Firms should disclose to clients the personal investing policies and procedures established for their employees.

B.Prior approval must be obtained for the personal investment transactions of all employees.

C.For confidentiality reasons, personal transactions and holdings should not be reported to employers unless mandated by regulatory organizations.

正确答案:C

答案解析:The correct answer is C. This question asks about compliance procedures relating to personal investments of members and candidates. The statement in answer C clearly conflicts with the recommended procedures in the Standards of Practice Handbook. Employers should compare personal transactions of employees with those of clients on a regular basis regardless of the existence of a requirement by any regulatory organization. Such comparisons ensure that employees’ personal trades do not conflict with their duty to their clients, and the comparisons can be conducted in a confidential manner. The statement in answer A does not conflict with the procedures in the Handbook. Disclosure of such policies will give full information to clients regarding potential conflicts of interest on the part of those entrusted to manage their money. Answer B is incorrect because firms are encouraged to establish policies whereby employees clear their personal holdings and transactions with their employers.

4、Is Bazlamit's statement on the type of currency risk faced by Viewmont Corporation and the proposed hedge most likely correct?【单选题】

A.No, she is incorrect with regard to the type of forward contract.

B.No, she is incorrect about the type of currency risk.

C.Yes

正确答案:B

答案解析:Since the fear is that the U.S. dollar will weaken against the Brazilian real, the appropriate hedge is to enter into a long forward contract to lock in the purchase price of the real. She is correct in this regard. But Bazlamit is incorrect about the type of currency risk. The currency risk faced here is best described as transaction exposure, not translation exposure.

5、Greene Springs Asset Management complies with the GIPS standards but has not been verified. The firm wishes to prepare an advertisement that includes a claim of compliance. Which of the following is the correct wording of the GIPS compliance statement for advertisements?【单选题】

A.“Greene Springs Asset Management claims compliance with the Global Investment Performance Standards (GIPS).”

B.“Greene Springs Asset Management claims compliance with the Global Investment Performance Standards (GIPS). The firm’s compliance has not been independently verified.”

C.“Greene Springs Asset Management claims compliance with the Global Investment Performance Standards (GIPS). A list of composite descriptions is available upon request.”

正确答案:A

答案解析:A is correct. Chapter III.B.3 of the GIPS Advertising Guidelines provides the correct wording of the compliance statement that must be used in advertisements that include a claim of compliance. The advertisements must also state how prospective client can obtain a compliant presentation and/or the firm’s list of composite descriptions, but that disclosure is not a part of the GIPS compliance statement for advertisements.