NO.PZ2015121801000027
问题如下：
Risk budgeting includes all of the following except:
选项：
A.determining the target return.
B.quantifying tolerable risk by specific metrics.
C.allocating a portfolio by some risk characteristics of the investments.
解释：
A is correct.
Risk budgeting does not include determining the target return. Risk budgeting quantifies and allocates the tolerable risk by specific metrics.
之前助教的解析说：risk budgeting是选择什么样的风险去承担，具体量化到承担多少风险是在risk governance里面探讨的。那这道题又说budgeting是要具体计算的，那这个怎么解释？
