NO.PZ2015121801000030
问题如下:
Liquidity risk is most associated with:
选项:
A.the probability of default.
B.a widening bid–ask spread.
C.a poorly functioning market.
解释:
B is correct.
Liquidity risk is also called transaction cost risk. When the bid–ask spread widens, purchase and sale transactions become increasingly costly. The risk arises from the uncertainty of the spread.