多練習(xí)對于參加任何考試的考生來說都是很重要的，能夠從中發(fā)現(xiàn)自己的不足，及時找到補(bǔ)救的方法。有考生說，FRM考試都是選擇題，那就沒有必要做真題的練習(xí)了。因?yàn)楦杏X選擇題是很簡單的。那么。做大量的真題練習(xí)對于備考FRM有作用嗎？》》》戳：各科視頻講義+歷年真題+21年原版書（PDF版）免·費(fèi)領(lǐng)取

做大量的FRM真題練習(xí)對于備考的考生是非 常重要的，雖然FRM考試都是選擇題，但是計(jì)算題很多。FRM真題是歷年FRM考試的題目，是FRM考試的重難點(diǎn)地方，因此建議考生在考前能夠進(jìn)行至少三套真題的練習(xí)，并對真題的知識點(diǎn)進(jìn)行總結(jié)，幫助自己進(jìn)行提升！

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Which of the following flaws in Long-Term Capital Management’s (LTCM) value at risk (VaR) calculations were most evident following its collapse in 1998?

I. The calculated 10-day VaR period was too short.

II. The fund’s VaR model assumed strong positive correlation.

A) I only.

B) II only.

C) Both I and II.

D) Neither I nor II

答案：A【資料下載】點(diǎn)擊下載融躍教育金融專業(yè)英語詞匯大全.pdf

解析:LTCM’s collapse highlighted several flaws in its regulatory VaR calculations. The fund relied on a VaR model that:

(1) used a 10-day horizon, which proved to be too short to sufficiently model the time to raise new capital

(2) did not factor in liquidity risk (in other words, it assumed markets were perfectly liquid), and (3) did not incorporate correlation and volatility risks, where in fact markets exhibited strong

positive correlation during periods of stress in 1997 and 1998.

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