FRM真题练习，送给备考的你！

在备考FRM中，对于FRM真题的练习是非常重要的，考生千万不能忽视。在备考中要做大量的真题，尤其是近几年的FRM真题。下面是对小编列举的例题，希望对你有所帮助！

Which of the following statements are associated with the construction of a synthetic option using dynamic replication?

I. Operational risks arc higher compared to static replication.

II. Transactions costs are higher compared to static replication.

III. Less capital is required, compared to an exchange traded option.

IV. Confidentiality is greater, compared to an exchange traded option.

A) I and II only.

B) I and III only.

C) I, II, and III.

D) I, II, and IV.

答案：D

解析：Compared to static replication, operational risks are higher in dynamic replication because frequent trades are required to adjust the replicated position. This also incurs higher transactions costs. So, both Statements I and II are associated which dynamic replication.

Confidentiality is greater with dynamic replication, compared to an exchange traded option. So, Statement IV is associated with dynamic replication.

However, more capital is required when using dynamic replication, compared to an exchange traded option. Thus, Statement III is incorrect.

FRM考试的内容就分享这么多，考生如果对FRM考试还有更多的疑问，可以文章评论一起学习探讨！另外，有2022年全年备考日历，想要的私信或者评论哦！