NO.PZ2023040701000024
问题如下:
Market evidence shows that forward rates are:
选项:
A.unbiased predictors of future spot rates.
upwardly biased predictors of future spot rates.
downwardly biased predictors of future spot rates.
解释:
Correct Answer: B
The existence of a liquidity premium ensures that the forward rate is an upwardly biased estimate of the future spot rate. Market evidence clearly shows that liquidity premiums exist, and this evidence effectively refutes the predictions of the unbiased expectations theory.
老师,这个知识点没有印象,可以讲一下吗?谢谢