发布时间:2021-06-22 09:57编辑:融跃教育FRM
FRM备考中,做大量的真题练习对于考生来说是很重要的,尤其是近几年的真题练习。下文是小编列举的相关真题解析,一起了解一下!
During recessions the correlation between recovery rates and default probabilities has traditionally been:
A) Positive》》》2021年新版FRM一二级内部资料免费领取!【精华版】
B) Negative
C) Zero
D) Linear
答案:B
解析:During recessions the correlation between recovery rates and default probabilities has traditionally been negative. During recessions the amount recovered declines as the probability of default increases.
Given the PD for an AA-rated company over a two-year period is 0.2%, then the most likely PD for this company over a 4-year period is:【资料下载】[融跃财经]FRM一级ya题-pdf版
A) 0.2%
B) Between 0.2% and 0.4%
C) 0.4%
D) Greater than 0.4%
答案:D
解析:For investment-grade credits, the increase of cumulative default probability is more than proportional with the horizon.
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