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Today's Daily Questions

David writes totally fresh, totally original practice questions every week: a fresh set of three questions on Mon and Wed = 6 new practice questions per week. A few hungry customers like to follow along, so we post them here.

Paid members please note: you do not need to collect practice questions one at a time! After a chapter (or section of related chapters) is finished, Nicole collects them into a single PDF file and uploads to the Study Planner. Most paid members will want to go straight to the study planner (unless you want to discuss/etc in the forum). Thank you!
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1,808
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786
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1,808

David's Notebook

Here is where I post the Week in Risk (subsequently blogged and emailed to opt-in members). Also, I may share high-priority tips or alerts (e.g., discovered error in textbook).
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178
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651
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178
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651

FAQ's

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87
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799
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87
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799

Partner Products

Our affiliate partner products are available as additional resources to help advance your education in various areas of risk.
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9
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9
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9
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9
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77
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436

YouTube Videos
Bionic Turtle YouTube videos covering the concepts in the FRM exam

Financial Calculator Tutorials

Video tutorials on using your financial calculator
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4
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10
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4
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10

P1.T1 Foundations of Risk

BT YouTube videos covering the concepts in Foundations of Risk Management
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12
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15
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12
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15

P1.T2 Quantitative Analysis

BT YouTube videos covering the concepts in Quantitative Analysis
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31
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38
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31
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38

P1.T3 Financial Markets & Products

BT YouTube videos covering the concepts in Financial Markets & Products
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44
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57
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44
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57

P1.T4. Valuation & Risk Models

BT YouTube videos covering the concepts in Valuation & Risk Models
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44
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46
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44
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46

P2.T5. Market Risk Measurement & Management

BT YouTube videos covering the concepts in Market Risk Measurement & Management
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1
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1
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1
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1

R Programming (Data Science)

BT YouTube Videos Introducing R Programming
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12
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13
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12
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13

Chartered Financial Analyst® (CFA)

David Harper discusses the concepts covered on the CFA exam.
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11
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11
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11
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11

Investment

Million Dollar Portfolio
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6
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9
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6
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9

Financial Risk Manager (FRM). Free resource
These forums are available and free to the PUBLIC. Please note the generally follow the organization of GARP's syllabus. "P2.T6" = Part 2, Topic 6 and "(25%)" = 25% weight in the Part 2 exam.

About FRM

About the FRM or bionicturtle.com FRM prep service
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16,503
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1,078
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16,503

Part 1 FRM Study Groups

Create a new study group or look for existing study groups for Part 1 of the FRM exam
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68
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1,187
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68
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1,187

Part 2 FRM Study Groups

Create a new study group or look for existing study groups for Part 2 of the FRM exam
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24
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445
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24
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445

Risk (general)

General risk topics that don't fit neatly into the nine FRM topics
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61
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191
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61
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191
  • ami44

P1.T2. Quantitative Methods (20%)

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733
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2,918
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733
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2,918

P1.T3. Financial Markets & Products (30%)

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628
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2,840
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628
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2,840

Fixed Income (P1.T4 or P2.T5)

Tuckman L1 (Chapters 1,2,3 & 5) and L2 (Chapter 6, 7, 9, 21). Fabozzi's Handbook of MBS Chapters 1 & 31.
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95
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397
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95
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397

P2.T5. Market Risk (25%)

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702
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3,074
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702
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3,074

P2.T6. Credit Risk (25%)

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608
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2,505
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608
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2,505

P2.T7. Basel II & Regulatory

Classified under Operational Risk & Integrated Risk but a big topic
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93
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404
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93
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404

P2.T7. Operational Risk & ERM (25%)

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259
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878
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259
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878

P2.T8. Investment Management (15%)

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216
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844
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216
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844

P2.T9. Current Issues (10%)

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47
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194
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47
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194

FRM Practice Questions (PQs; for PAID customers)
These forums (below) are for PAID BT CUSTOMERS ONLY. Each fresh, original practice question is posted here first and becomes a future reference for (i) follow-up questions, (ii) related comments, or (iii) proposed corrections if you have a disagreement or perceive a potential error or typo

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62
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404

GARP Part 2 (P2) Practice Exam Questions

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106
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622
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106
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622

P1.T1. Foundations of Risk

Practice questions for Foundations: Intro, CAPM, APT, Stulz, and Case Studies
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118
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1,081
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118
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1,081

P1.T2. Quantitative Analysis

Practice questions for Quantitative Analysis: Econometrics, MCS, Volatility, Probability Distributions and VaR (Intro)
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309
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2,954
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309
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2,954

P1.T3. Financial Market & Products

Practice questions for financial markets & products: Hull (options, futures & derivatives), commodities, FX, and corporate bonds
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153
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2,841
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153
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2,841

P1.T4. Valuation & Risk Models

Practice questions for valuation and risk models: value at risk (VaR), binomial, BSM, Greeks, Tuckman's bonds, bond sensitivities, stress testing, credit ratings, expected/unexpected loss, OpRisk intro
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135
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2,241
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135
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2,241

P2.T5. Market Risk

Practice questions for Market Risk Measurement & Management
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322
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2,646
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322
Messages
2,646

P2.T6. Credit Risk

Practice questions for credit risk
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274
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2,010
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274
Messages
2,010

P2.T7. Operational Risk

Practice questions for operational risk and Basel II (Basel III)
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219
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1,047
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219
Messages
1,047

P2.T8. Investment Management

Practice questions for investment management and risk management
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154
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825
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154
Messages
825

P2.T9. Current Issues

Practice questions for current issues
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65
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115
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65
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115

BT Part 1

Part 1 practice questions
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25
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156
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25
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156

BT Part 2

Part 2 practice questions
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21
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182
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21
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182

Miscellaneous Practice Questions

Prior Exam or Not Classified
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78
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189
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78
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189
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51
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3
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FRM Archive
Older forums are located (eventually transferred) to the location below. These forums are often LESS RELEVANT to current FRM candidates. However, due to the relative continuity of the FRM's underlying structure--despite its continuous churn--they continue to offer some relevance.

[P1 & P2]Text: Options, Futures & Derivatives, 7th

Assigned in 2010: Estimating volatility & correlation (Ch 21); Chapters 1 - 7, 9 and 10; Binomial (Ch 11), BSM (Ch 13), Greeks (Ch 17), Credit risk (Ch 22), Credit derivatives (Ch 23), Volatility smile (Ch 18), and Exotic options (Ch 24)
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Latest profile posts

gentns wrote on David Harper CFA FRM's profile.
Hi David - in the AR(1) model Xt+1 = a + bXt + et+1 what is a? the intercept? why is a/1-b equal to the LRM?
I am a Staff Author at Field Engineer a Marketplace for On-Demand telecom workforce, extending from field engineers to high-level network engineers, project managers and Network Architects in 146 nations. I am an EC Engineer.
Hey quick question? The way the study material is set up is to do the practice questions first but it makes more sense to go over study notes before questions. Is there a reason this is the way it is set up ?? Do you suggest to do the questions first ?
olivierbuisson wrote on David Harper CFA FRM's profile.
Hi, I am surprised there is no BSM in Part 3 of FRM 1 (at least not in the videos and the first 3 option Hull chapters). Should we know this for the exam? Thanks in advance.
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