问题如下：
The sell price of a particular asset
depends on the following factors, except for which one?
选项：
A. The mid-market price of the asset
How quickly the asset is to be sold
how much of the asset is to be sold
Whether
the trade is OTC.
解释：
考点：对Liquidity Trading Risk的理解
答案：选项D不是影响资产卖出价格的因素，因此本题选D
解析：
D选项不属于影响资产卖出价格的因素。
影响资产卖出价格的4个因素为（The
price at which a particular asset can be sold depends on）：
1、The mid-market
price of the asset
2、The economic
environment
3、How much of the
asset is to be sold
4、How quickly it is
to be sold
OTC 因为缺乏监管，且多为定制合同，相对来讲不是流动性更差吗？
