衍生品知识在2022年CFA一级中的占比如何？CFA一级考试题练习的如何？知识点掌握的如何？这一连串的问句是不是都能答得出来？

The underlying in a forward rate agreement is most likely a(n):

A.growth rate of an equity index.

B.interest rate.

C.exchange rate.

【答案】：B

【解析】：FRA标的资产为利率


Which of the following is least likelyone of the main benefits of derivativemarkets? Derivative markets:

A. enable companies to more easily practice risk management.

B. reveal prices and volatility of the underlying assets.

C. exhibit lower volatility compared with the spot market.

【答案】：C

【解析】：衍生品价格体现了标的资产的价格及波动情况，衍生品作为风险管理的工 具可以使风险管理更加容易，所以A和B是对的，但是衍生品市场不一定就比即期市场的 价格波动小。