FRM真題對于備考中的考生來說是很重要的，考生一定要做一定的量，尤其是近幾年的FRM真題。在做題的過程中考生可以查漏補(bǔ)缺，這樣對于參加考試是很有幫助的。下文是小編列舉的兩道例題解析，希望對備考的你有所幫助！

An investor holds a portfolio of USD 100 million. This portfolio consists of A-rated bonds (USD 40 million) and BBB-rated bonds (USD 60 million). Assume that the one-year probabilities of default forA-rated and BBB-rated bonds are 3 % and 5%, respectively, and that they are independent. If the recovery value forA-rated bonds in the event of default is 70% and the recovery value for BBB-rated bonds is 45%, what is the one-year expected credit loss from this portfolio?

A) USD 1,672,000

B) USD 1,842,000

C) USD 2,010,000

D) USD 2,218,000

答案：C

解析：Expected Loss forA-rated Bonds = 0.03×40,000,000 × (1 - 0.70) = 360,000 Expected Loss for BBB-rated Bonds = 0.05×60,000,000 × (1 - 0.45) = 1,650,000 Total Expected Loss = 360,000 + 1,650,000 = 2,010,000

When a bank decides to lend amount of money to borrowers, several considerations must be taken into account, based on the following statement which one is incorrect.

A) Outstanding represent the total credit available to the borrower.B) Borrowers in distress often draw down on their unused commitment, so the adjusted exposure is outstanding plus usage given default times unused commitment.

C) Credit optionality denotes the call option the borrower has purchased on the commitment for “a commitment fee”.》

D) Collateral and seniority are the two most important factors in assessing recovery rates.

答案：A

解析：Commitment is the total credit available to the borrower.

FRM考試的內(nèi)容就分享這么多，考生如果對FRM考試還有更多的疑問，可以文章評論一起學(xué)習(xí)探討！另外，有2022年全年備考日歷，想要的私信或者評論哦！