The first section covers the foundations of probability in measure theoretic terms. i.e events in probability as measurable sets, random variables as measurable functions, expectation as integration with respect to the probability measure etc. My only criticism is Chapter 8 on product measure could do with more explanation and examples. The second section in my […]

# Archive for July, 2013

## FRM Practice Questions

Try your hand at some FRM practice questions (click the link below for the test). FRM Part 1 Practice Test – 10 questions in 24 minutes This is a random selection of questions from our database. I am continually adding more questions so feel free to try the sample FRM exam again in future. Please […]

## Futures Delta and Forward Delta

The delta of a futures contract is not the same as the delta of a forward contract. This is often a point of confusion for students. The difference between a forward contract and a futures contract is that a forward contract is an OTC contract settled at maturity and a futures contract is settled daily using […]

## What is the FRM Pass Rate?

On a number of forums I have seen people stating it is a very hard exam because the probability of passing both exams is low. The FRM pass rates are shown below. I have split the results in to two parts. The first table shows the pass rates when the exam was just one paper. […]

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