北美考试系统基本上每两三年都在改,给刚接触精算考试的同学们整理一下最新的要求,加上一些近期考试的变化。
首先,北美的考试主要是两大系统,寿险SOA跟财险CAS。其中寿险SOA又细分成个人险,团险和健康险,退休金险,投资,还有ERM,一共5个track,考生满足任何一个track的全部要求即可得到精算师的称号。明年SOA还打算开始推出财险,来跟CAS正面竞争。
SOA跟CAS分别有准精算师(Associate)跟正精算师(Fellow)两个阶段。SOA的叫做ASA/FSA,CAS的叫做ACAS/FCAS。
下面先从SOA的ASA要求开始介绍:
Exam P–Probability
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3 Hrs
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MC - CBT
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Exam FM–Financial Mathematics
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3 Hrs
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MC - CBT
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Exam MFE–Models for Financial Economics
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3 Hrs
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MC - CBT
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Exam MLC–Models for Life Contingencies
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3 Hrs
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MC
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Exam C–Construction and Evaluation of Actuarial Models
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3.5 Hrs
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MC - CBT
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VEE* Economics
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VEE* Corporate Finance
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VEE* Applied Statistics
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Fundamentals of Actuarial Practice (FAP) e–Learning Course
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(two written assessments)
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Associateship Professionalism Course (APC)
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1 Day
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ASA阶段有5个考试 ,都是多项选择(MC),并且除了MLC之外都是机考(CBT)
(但是因为历史原因,有时也叫做4个,MLC跟MFC是几年前从一个叫M的考试分出来的,之前M是号称ASA阶段最难的考试-楼主有幸在大二赶上了最后一次M的offering)
3个VEE一般是从学校的课程转换的。
FAP一共8个Modules,在第5个跟第8个之后分别有IA/FA。
APC是关于职业道德的考试,只要不迟到基本不会不通过。
SOA的FSA阶段考试系统看起来比较复杂,因为track比较多。目前的结构是这样的。
Finance/ERM Track(Transitional Year Fall 2012-Spring 2013)
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Investment Track
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Individual Life & Annuities Track
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Retirement Benefits Track
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Group & Health Track
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Enterprise Risk Management (ERM) Exam
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4 Hrs
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Advanced Portfolio Management Exam
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6 Hrs
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Individual Life & Annuities Company/ Sponsor Perspective (CSP) Exam
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6 Hrs
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Retirement Benefits Company / Sponsor Perspective (CSP) Exam
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6 Hrs
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Group & Health Company/ Sponsor Perspective (CSP) Exam
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6 Hrs
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Advanced Finance (AdvF) Exam (transitional exam)
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2 Hrs
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Financial Economic Theory & Engineering Exam
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6 Hrs
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Individual Life & Annuities Design and Pricing (DP) Exam
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6 Hrs
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Retirement Benefits Design and Pricing (DP) Exam
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6 Hrs
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Group & Health Design and Pricing (DP) Exam
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6 Hrs
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Financial Economic Theory & Engineering Exam
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6 Hrs
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Financial and Health Economics Module
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Financial and Health Economics Module
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Financial and Health Economics Module
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Financial and Health Economics Module
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Financial and Health Economics Module
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Investment Strategy Module
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Regulation & Taxation Module
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Social Insurance Module
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Health Foundations Module
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Financial Reporting Module
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Enterprise Risk Management (ERM) Module or Financial Reporting Module
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Enterprise Risk Management (ERM) Module or Financial Reporting Module
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Enterprise Risk Management (ERM) Module or Financial Reporting Module
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Pricing, Reserving & Forecasting Module
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Enterprise Risk Management (ERM) Module
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Enrolled Actuaries (EA) Exams (U.S. Only)
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Decision Making and Communication (DMAC) Module
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Fellowship Admissions Course (FAC)
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从明年7月份开始,SOA的考试结构会有大变动,新的结构如下:
Corporate Finance and ERM (CFE) Track
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Quantitative Finance and Investments (QFI) Track
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Individual Life and Annuities Track
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Retirement Benefits Track
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Group and Health Track
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General Insurance Track
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Enterprise Risk Management (ERM) Module
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Financial Modeling Module
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Regulation & Taxation Module
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Social Insurance Module
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Financial Economics Module
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Introduction to General Insurance Exam
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2 Hrs MC
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ERM Exam
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4 Hrs
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QFI Core Exam
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5 Hrs
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Life Pricing Exam
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5 Hrs
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Financial Economics Module
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Health Foundations Module or ERM Module
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Introduction to Ratemaking and Reserving Exam
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5 Hrs
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Foundations in CFE Exam
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5 Hrs
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QFI Advanced Exam
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5 Hrs
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Life Finance and Valuation Exam
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5 Hrs
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Funding and Regulation Exam (Canada only)
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5 Hrs
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Group & Health Core Exam
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5 Hrs
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Financial and Regulatory Environment Exam
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5 Hrs
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Financial Reporting Module
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ERM Module
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ERM Module
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Enrolled Actuaries (EA) Exams (U.S. only)
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2.5 Hrs + 2.5 Hrs MC
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Group & Health Advanced Exam
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5 Hrs
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Financial Economics Module
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Strategic Decision Making Exam
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5 Hrs
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Investment Risk Management Exam or ERM Exam
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2Hrs / 4Hrs
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Life Risk Management Examor ERM Exam
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2Hrs / 4Hrs
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Design and Accounting Exam
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5 Hrs
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Pricing, Reserving & Forecasting Module
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ERM Module
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Advanced Topics in CFE Module
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Financial Reporting Module
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Financial Economics Module
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ERM Module
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Group & Health Specialty Exam or ERM Exam
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2Hrs / 4Hrs
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Advanced Topics in General Insurance Exam or ERM Exam
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2Hrs / 4Hrs
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Retirement Plan Investment and Risk Management Examor ERM Exam
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2Hrs / 4Hrs
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Applications of Statistical Techniques Module
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Decision Making and Communication (DMAC) Module
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Fellowship Admissions Course (FAC)
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从体来说,每条track的难度差不太多,6小时的考试是上下午各考3个小时。
财险(general insurance)部分是全新的,目前连syllabus还没出,所以放到最后讲完CAS的部分再讨论。
除了ERM之外,基本上每个track由6+6小时的考试变成5+5+4小时。
CAS考试系统:
ACAS
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Exams:
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Exam 1/P—Probability
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3 Hrs
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MC - CBT
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= SOA Exam P
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Exam 2/FM—Financial Mathematics
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3 Hrs
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MC - CBT
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= SOA Exam FM
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Exam 3F/MFE—Models for Financial Economics
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3 Hrs
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MC - CBT
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= SOA Exam MFE
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Exam 3L—Models for Life Contingencies and Statistics
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2.5 Hrs
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MC
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Exam 4/C—Construction and Evaluation of Actuarial Models
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3.5 Hrs
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MC - CBT
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= SOA Exam C
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Exam 5—Basic Techniques for Ratemaking and Estimating Claim Liabilities
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4 Hrs
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Exam 6—Regulation and Financial Reporting (Nation Specific)
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4 Hrs
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Validation by Educational Experience (VEE):
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VEE-Applied Statistical Methods
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VEE-Corporate Finance
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VEE-Economics
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Two CAS Online Courses:
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Online Course 1—Risk Management and Insurance Operations*
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Online Course 2—Insurance Accounting, Coverage Analysis, Insurance Law, and Insurance Regulation*
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CAS COURSE ON PROFESSIONALISM
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1.5 Days
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FCAS
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Exams:
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Exam 7—Estimation of Policy Liabilities, Insurance Company Valuation, and Enterprise Risk Management
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4 Hrs
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Exam 8—Advanced Ratemaking
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4 Hrs
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Exam 9—Financial Risk and Rate of Return
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4 Hrs
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财险CAS的准精算师(ACAS)阶段的考试里,1,2,3F,4是跟P/FM/MFE/C 一一对应的。截止到今年年底,这四个考试都是SOA/CAS共同出题,明年这个合作关系就结束了。不过对学生来说这个基本没什么影响,CAS依然会承认SOA的这四个考试的(IOA的一些考试也同样被承认,拿来换学分)
VEE跟SOA的那个是一样的东西。
两个online course各有2个小时的多项选择考试。
ACAS需要5跟6两个大考试,所以相对ASA来说更难一些。FCAS的7-8-9跟SOA的Fellowship考试难度大致相当或者稍微简单一些,但是比较讨厌的是每年只有一次考试机会,而且在通过率相当的情况下,拿到FCAS需要的时间会比FSA长很多。
来源:网络 作者:maomaochongz