2020年CFA考试《CFA三级》考试共240题，分为单选题。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.Statement 1

B.Statement 2

C.Statement 3

正确答案:A

答案解析:A is correct. Global credit managers do use currency swaps and invest in pegged currencies to hedge foreign 

2、【单选题】

A.Fund 1

B.Fund 2

C.Fund 3

正确答案:A

答案解析:A is correct. Because Fund 1 has a large AUM but focuses on small-cap stocks, holds a 

3、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).

4、【单选题】

A.0.90%.

B.2.20%.

C.3.76%.

正确答案:B

答案解析:B is correct. The total expected return is calculated as:

5、【单选题】

A.Savior Capital.

B.MarketView LLC.

C.Alphameric Advisors.

正确答案:B

答案解析:B is correct. The historical returns of (a long-only position in) distressed securities have been shown to have negative skewness and