备考FRM二级考试有必要做FRM真题吗？这是近日考生所咨询的，在这里小编告诉你，备考做真题练习也是很有必要的，因为这个过程中可以帮助自己查漏补缺，及时发现自己的不足。下面是列举的相关真题，希望对你有所帮助！
Which of the following is not usually used to provide credit support in a securitization?
A) Eliminating first loss positions
B) Creating subordinated tranches
C) Generating excess spread
D) Overcollateralization
答案：A
解析：First loss positions provide credit support in a securitization. Eliminating first loss positions would remove credit support.
The dark side of retail credit risk is perpetuated by all of the following factors except:
A) capital set aside to protect a bank in the event of default.
B) process flaws resulting in high risk applicants receiving credit.
C) new products which do not have sufficient historical loss data.
D) a social acceptance of bankruptcy and borrowers "walking away“ from their obligations.
答案：A
解析：Capital must be set aside to protect banks in the event of default, but this is a response to the dark side of retail credit risk rather than a perpetuating factor.
A process flaw which grants credit to high risk individuals, a new product which doesn’t have historical loss data, and the social “acceptance”of failing to meet debt payments are all considered perpetuating factors of retail credit risk.
