2020年CFA考试《CFA二级》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、The upper bound for the 95% confidence interval for the coefficient on the debt ratio in the regression is closest to:【单选题】

A.-1.0199.

B.-0.3947.

C.1.4528.

正确答案:B

答案解析:B is correct. The calculation for the confidence interval is ?4.1589 ± (2.011 × 1.8718). The upper bound is ?0.3947. The 2.011 is the critical t-value for the 5% level of significance (2.5% in one tail) for 48 degrees of freedom.

2、The relationship between the periodic pension cost and the plan’s funded status is best expressed in which of the following?【单选题】

A.Periodic pension cost of –￡483 = Ending funded status of –￡4,774 – Employer 

B.Periodic pension cost of ￡1,322 = Benefits paid of ￡1,322.

C.Periodic pension cost of ￡210 = Ending funded status of –￡4,774 – Beginning funded 

正确答案:A

答案解析:A is correct. The relation between the periodic pension cost and the plan’s funded status can be expressed as Periodic pension cost = Ending funded status – Employer contributions – Beginning funded status.

3、Using the spot rate curve given in Exhibit 1, the one-year forward rate one year from today is closest to:【单选题】

A.0.27%.

B.0.35%.

C.0.45%.

正确答案:C

答案解析:f(1,1) = [(1.0029) /(1.0013)] - 1 = 0.00450 or 0.45%.

4、Which of the following best describes the corporate governance responsibilities of members of the board of directors?【单选题】

A.Establish long-term strategic objectives for the company.

B.Ensure that at board meetings no subject is undiscussable and dissent is regarded as an obligation.

C.Ensure that the board negotiates with the company over all matters such as compensation.

正确答案:A

答案解析:A is correct. The board of directors has the responsibility to establish long-term strategic 

5、Which type of CDS should Chan recommend to Smith?【单选题】

A.CDS index

B.Tranche CDS

C.Single-name CDS

正确答案:A

答案解析:A is correct. A CDS index (e.g., CDX and iTraxx) would allow the SWF to simultaneously fully hedge multiple fixed-income exposures.