CFA一级组合管理真题1：Choose one of the following types of institutions is most likely to have a long investment time horizon and a high level of risk tolerance.
A. A bank.
B. An insurance company.
C. An endowment.
CFA一级组合管理真题2：Choose one of the following statement best describe the defined contribution pension plan?
A. The employer contributes to the employee's retirement account each period.
B. The plan sponsor promises a predetermined retirement income to participants.
C. The employee assumes the investment risk.
CFA一级组合管理真题3： Choose one of the following contributes the most to the volatility of the portfolio:
A. Standard deviation of the individual assets.
B. Average covariance between all pairs of assets.
C. Average variance of the individual assets.