FRM一级易错题汇总

Omitted variable bias occurs when the omitted variable

is

correlated with

the included regressor and is a

determinant

of

the dependent variable.

volatility

Short hedge position=Long the basis

Hedging is to for sure that the change of the interest rate will not infect the value of the contract.

Benefit

依次是：

0

、

0.5

、

1

、

0.5

利率由前一个

swap date

决定

6-month LIBOR

的表示方法，依然是年华的，需要折算

Current balance is the PV of the pool.

Option value is

＄

300000, option quantity is 100000

张

.

续

Put call parity

中 的所有项，都是

0

时刻的

PV

续

17. The chief risk officer of an international bank is instructing his direct reports on best practices for

conducting country risk analysis and presenting the findings to senior executives. Which of the following

recommendations would be considered the most questionable?

A. Risk analysis should be consistent, using rigorous frameworks that allow for valid cross-county

comparison.

B. Risk reports should be concise, with easy to understand conclusion that have sufficient detail to make

them meaningful.

C. Risk reports should be informative, providing the end user the rationable behind any assessment without

and “black boxes’ that are difficult to understand.

D. Risk analysis should be open

–

ended, presenting several scenarios and taking no particular position on

any issue that could bias decision- makers.

变的

-< /p>

不变的

*conversion factor(

对应的

)