- CFA Exams
- CFA Level I Exam
- Study Session 18. Portfolio Management (1)
- Reading 51. Portfolio Management: An Overview
- Subject 2. Investment Clients
CFA Practice Question
For defined benefit pension plans, the risk tolerance is typically ______ and the liquidity needs are typically ______.
B. high; low
C. high; high
A. low; low
B. high; low
C. high; high
Correct Answer: B
They are considered to be longer-term investors.
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