NO.PZ2020033003000096
问题如下:
The securitization process is a complex process that involves a number of different players and thus is subject to several frictions. Which of the following is not a friction in the subprime securitization market?
选项:
A.Investor and rating agency.
B.Investor and asset manager.
C.Asset manager and servicer.
D.Servicer and arranger.
解释:
D is correct.
考点:Frictions in subprim securizatoin.
The servicer and arranger have no direct contact so there is no friction.
model error那里怎么理解呢