2026年FRM金融风险管理师资格考试（PART Ⅰ）精选模拟试题及答案四,更多相关资讯请继续查看易考吧金融理财师考试教材
1). What is the lowest tier of an investment grade credit rating by Moody’s？( )
A.Baal
B.Bal
C.Baa3
D.Ba3

正确答案：C
2). If we say that commodity returns follow a lognormal distribution， we mean that overtime：( )
A.The natural logarithm of the price is normally distributed
B.The change in the price is normally distributed
C.The change in the natural logarithm of the price is normally distributed over time
D.The reciprocal of the price is normally distributed

正确答案：C
3). A German Bank lends 100 million DEM to a Russian Bank for one year and receives 120 million DEM worth of Russian government securities as collateral.Assuming that the 1-year 99% VAR on the Russian government securities is 20 million DEM and the Russian bank’s 1-year probability of default is 5%， what is the German bank’s probability of losing money on this trade over the next year？( )
A.Less than 0.05%
B.Approximately 0.05%
C.Between 0.05% - 5%
D.Greater than 5%

正确答案：C

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