1、Portfolio diversification is least likely to provide protection against losses:

A. when markets are operating normally.

B. when the portfolio securities have low return correlation.

C. during severe market turmoil.

Solution: C

2、Increasing the number of assets in an equally-weighted portfolio will cause the contribution of each individual asset's variance to the volatility of the portfolio:

A. decreases.

B. remains the same.

C. increases.

Solution: A

CFA真題練習(xí)是CFA備考中必不可少的步驟之一，關(guān)于CFA做題技巧，眾所周知CFA三選一，但是其實那是表象，三個選項一般有一個會錯的非常明顯，認真看都看的出，所以只會有二選一的，這樣從概率上來說4題不會猜對兩題都大于1/2。（l）計劃答題時間，保持穩(wěn)定的答題速度。（2）按題目要求答題。（3）運用排除法。（4）運用猜測法。（5）運用比較法。

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