在備考FRM考試中，F(xiàn)RM真題練習(xí)對(duì)于每一個(gè)考生來(lái)說(shuō)都是很重要的，考生一定要做近幾年的真題練習(xí)。那么，F(xiàn)RM考試中FRM真題練習(xí)有例題解析嗎？看下文小編列舉的相關(guān)內(nèi)容！

1、Recovery rates generally depend on business model of the counterparty and its asset value and size. Which of the following types of counterparty will have the highest RR?

A) Ahedge fund.

B) An internet merchant.>>>點(diǎn)擊領(lǐng)取2021年FRM備考資料大禮包（戳我免·費(fèi)領(lǐng)?。?/span>

C) An asset-intensive manufacturing company.

D) Acommodities trader.

答案：C

解析：An asset-intensive manufacturing company will have the highest RR.

2、Jemis Fund Management Inc. (Jemis) is a mutual fund company that frequently trades interest rate swaps. One of the swaps currently outstanding has a net present value (NPV) of $2 million in Jemis’favor.According to Jemis, the $2 million represents its potential loss in the event of the counterparty’s default. Which of the following terms best describes this amount?

掃碼參與

A) Exposure at default.【資料下載】[融躍財(cái)經(jīng)]FRM一級(jí)ya題-pdf版

B) Recovery.

C) Expected loss.

D) Loss given default.

答案：A

解析：Exposure at default is the potential amount lenders would lose in the event of a borrower’s default. Exposure for interest rate swaps is the NPV of the swap. Loss given default (LGD) is the amount of creditor loss in the event that a default does occur, and is calculated as the exposure less recovery. The fraction of exposure not lost at default is recovery. Expected loss is the expected value of the credit loss, and is a factor of the probability of default and LGD.

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