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

A.Only the market liquidity statement is correct.

B.Only the market quality statement is correct.

C.Both statements are correct.

正确答案: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、【单选题】

A.Statement about an 

B.

C.

正确答案:B

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

3、【单选题】

A.is unaffected by stocks splits.

B.

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

正确答案: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?【单选题】

A.Criterion 1

B.Criterion 2

C.Criterion 3

正确答案: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、【单选题】

A.Indemnity plan

B.Preferred provider plan

C.Health maintenance organization plan

正确答案:C

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