FRM真題練習解析，對考生重要嗎？這是近幾天考生咨詢最多的問題，關于答案當然是很重要的，尤其是近幾年的FRM真題！下文是小編列舉的相關真題，希望對你有所幫助！

Risk-neutral default probability and real-world (or physical) default probability are used in the analysis of credit risk. Which one of the following statements on their uses is correct?

A) Real-world default probability should be used in scenario analyses of potential future losses from defaults, and real-world default probability should also be used in valuing credit derivatives.

B) Real-world default probability should be used in scenario analyses of potential future losses from defaults, but risk-neutral default probability should be used in valuing credit derivatives.

C) Risk-neutral default probability should be used in scenario analyses of potential future losses from defaults, and risk-neutral default probability should also be used in valuing credit derivatives.

D) Risk-neutral default probability should be used in scenario analyses of potential future losses from defaults, but real-world default probability should also be used in valuing credit derivatives.

答案：B

解析：A. Incorrect. Risk-neutral default probability should be used in valuing credit derivatives.

B. Correct. Real-world default probability should be used in scenario analyses of potential future losses from defaults, but risk-neutral default probability should be used in valuing credit derivatives. 【資料下載】FRM一級思維導圖PDF版

C. Incorrect. Real-world default probability should be used in scenario analyses of potential future losses from defaults

D. Incorrect. Real-world default probability should be used in scenario analyses of potential future losses from defaults

Which of the following statements is true about netting?

A) It allows a firm to pay only the losses.

B) It allows a firm to net its transaction with a given counterparty.

C) It allows a firm to net all of its gains against all of its losses.

D) It allows a firm to pay the losses only if the counterparty defaults.

答案：B

解析：Netting can be used to reduce credit exposure by allowing firms to net its transaction with a given counterparty.

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