[{"data":1,"prerenderedAt":30},["ShallowReactive",2],{"q-sec_sr_invest-115-1-002":3},{"exam":4,"examName":5,"chapterSlug":6,"question":7,"related":21},"sec_sr_invest","證券商高級業務員資格測驗——證券投資與財務分析(試卷「投資學」)","c2",{"id":8,"exam":4,"session":9,"qno":10,"question":11,"options":12,"answer":10,"chapter":17,"freq":18,"explanation":19,"difficulty":20},"sec_sr_invest-115-1-002","115-1",2,"假設小何所擁有的資金在過去一年賺取了 8%的名目利率，該期間通貨膨脹率為 4%，請問小何的實際購買力成長了多少？",[13,14,15,16],"3.5%","3.3%","3.8%","3.6%","貨幣時間價值與利率理論",1,"實質購買力的成長須以費雪方程式精算，公式為（1加名目利率）除以（1加通膨率）再減1。代入為1.08除以1.04減1，約等於3.8%，故(C)正確。此為精確算法，並非直接用名目利率減通膨率（8%減4%等於4%）的近似值，該相減近似只在利率很低時才勉強成立。(A)(B)(D)皆為誤算或近似所得的數值。本題關鍵易錯點在於實質報酬須用相除而非相減，通膨愈高，兩種算法的差距會愈明顯。","medium",[22,26],{"id":23,"question":24,"qno":25},"sec_sr_invest-115-1-025","利率期限結構是利用下列何者導出？",25,{"id":27,"question":28,"qno":29},"sec_sr_invest-115-2-009","在利率期限結構中的市場區隔理論(Market Segmentation Theory)中，理論上如果長期利率下跌，則短期利率將：",9,1787293958104]