单选题
An analyst does research about time-weighted rate of return and moneyweighted rate of return. If an investor makes an initial deposit into a new account, without any other deposits or withdrawals before closing the account, the investor's money-weighted rate of return when closing the account will be: A. less than the investor's time-weighted rate of return. B. equal to the investor's time-weighted rate of return. C. greater than the investor's time-weighted rate of return.
【正确答案】
B
【答案解析】[解析] 现金流入和流出账户会影响货币加权收益率(money-weighted rate of return)，而如果没有现金流入和流出账户，则货币加权收益率与时间加权收益率(time-weighted rate of return)两者相等。