NO.PZ2020042003000084
问题如下：
While the yield curve presents valuable
information it has several limitations, which of the following statements is
NOT the limitations of yield curve?
选项：
A. Uncertainty over exactly how
and why the curve appears the way it does at any particular moment.
Does not tell the possibility
of a change in the curve’s shape at any time.
The yield curve does not tell
the timing of cash flows expected from a security.
The
yield curve does not tell the how market interest rates differ varying term
(time) to maturity.
解释：
考点：对Risk Management for Changing Interest
Rates: ALM and Duration Techniques-ALM
的理解
答案：D
解析：
选项D描述错误，D选项描述的就是Yield curve的定义：how market interest rates
differ varying term (time) to maturity.
the timing of cash flows expected from a security这句话怎么理解呢
