新用戶掃碼下載
掃碼下載APP
及時接收最新考試資訊及
備考信息
"Portfolio Management":Fixed benefit pension plan
學習是一個不斷積累的過程，每天學習一點，每天進步一點！為了幫助大家更高效地備考2021年CFA考試，正保會計網校每日為大家上新CFA習題供大家練習。讓網校與您一起高效備考2021年CFA考試，夢想成真！
Questions 1:
Which of the following types of investment clients most likely have the lowest liquidity needs?
A 、Insurance companies
B 、Banks
C、 Endowments and foundations
Questions 2:
ABC Company has an obligation to pay a certain amount each month to each of its employees after they retire. This obligation is most likely known as a(n):
A、 endowment.
B 、defined-contribution pension plan.
C 、defined-benefit pension plan.
View answer resolution
【Answer to question 1】C
【analysis】
C is correct. A typical investment objective of an endowment or a foundation is to maintain the real capital value of the fund while generating income to fund the objectives of the institution. Liquidity needs are typically rather low.
A is incorrect because insurance companies have liquidity needs to meet claims.
B is incorrect because banks have high liquidity needs to meet repayment of deposits.
【Answer to question 2】C
【analysis】
C is correct. A defined-benefit pension plan defines the future benefit that an employer has the obligation to pay in terms of the retirement income benefits owed to participants.
A is incorrect because university endowments are established to provide continuing financial support to a university and its students.
B is incorrect because in a defined-contribution pension plan contributions rather than benefits are specified.
成功=時間+方法，自制力是這個等式的保障。世上無天才，高手都是來自刻苦的練習。而人們經常只看到“牛人”閃耀的成績，其成績背后無比寂寞的勤奮。小編相信，每天都在勤奮練習，即使是一點點的進步，大家一定可以成為人人稱贊的“牛人”。
學員討論（0）
推薦閱讀
新用戶掃碼下載
京公網安備 11010802044457號
