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、A disadvantage of Strategy 1 is that:【单选题】

A.price risk still exists.

B.interest rate volatility introduces risk to effective matching.

C.there may not be enough bonds available to match all liabilities.

正确答案:C

答案解析:C is correct. It may be impossible to acquire zero-coupon bonds to precisely match liabilities because the 

2、Strategy 2 is most likely preferred to Strategy 1 for meeting the objective of:【单选题】

A.protecting inflation.

B.funding future liabilities.

C.

正确答案:A

答案解析:A is correct. Floating-coupon bonds provide inflation protection for the interest income because the 

3、【单选题】

A.Provides estate liquidity

B.

C.Replaces lost earning power for dependents

正确答案:A

答案解析:A is correct. Life insurance best meets Perrin’s immediate need for estate liquidity. A life 

4、The SCI data most likely exhibits which type of bias?【单选题】

A.Survivorship

B.Data-mining

C.Time-period

正确答案:A

答案解析:The SCI data is an index that is not composed of the same number of firms each period because of firm failures and combinations through time, which is indicative of a survivorship bias.

5、Which one of the following trader motivations best describes the Technology Company trade?【单选题】

A.Information-motivated.

B.Value-motivated.

C.Liquidity-motivated.

正确答案:A

答案解析:The Technology Company trade was based on information-motivated trading. Simpson's analyst must have obtained some