很多FRM学员还不知道FRM真题的重要性，考前进行FRM真题练习有效果吗？FRM考试中真题练习真的重要吗？今天融跃小编给大家带来FRM真题每日一练！
An empirical distribution that exhibits a thinner right tail than that of a lognormal distribution would indicate:
A) Equal implied volatilities across low and high strike prices.
B) Lower implied volatilities for low strike prices.》》》戳：免费领取FRM各科视频讲义+历年真题+21年原版书（PDF版）
C) Lower implied volatilities for high strike prices.
D) Higher implied volatilities for mid-range strike prices.
答案：C
解析：An empirical distribution with a thinner right tail generates a lower implied volatility for higher strike prices due to the decreased probability of observing high underlying asset prices.
The volatility term structure is the relationship between implied volatilities and:》》》想参加融跃FRM培训班点我咨询
A) Interest rates for at-the-money contracts.
B) Dividend yields for at-the-money contracts.
C) Time to expiration for at-the-money contracts.
D) Dividend yields for out-of-the-money contracts.
答案：C
解析：Volatility term structures list the relationship between implied volatilities and time to expiration for at-the-money contracts.
如果想要获得更多关于FRM考试的真题解析，点击在线咨询或者添加融跃老师微信（rongyuejiaoyu）！
