NO.PZ2020033003000051
问题如下：
Which of the followings are the benefits of using collateral?
I.Better measurement and management of counterparty risk。
II.Reduce credit exposure and capital requirements.
III.Reduce liquidity risk.
选项：
A.I, II
B.II, III C.I, III
D.I, II and III
解释：
A is correct.
考点：Impact of Collateral on Credit Exposure
解析：使用抵押品可以对对手方风险估计和控制起好作用，同时因为可以降低风险敞口，也可以降低资本需求。
不过抵押品并没有减小流动性风险，反而因为抵押品变现等情况反而会增加流动性风险。
不太明白1
