问题如下：
The following statements are about means tomitigate the risk of a run by short-term creditors for dealer banks, which of the following statements is NOT correct?
选项：
A. A dealer bank can mitigatethe risk of a loss of liquidity through a run by short-term creditors by establishinglines of bank credit
B. A dealer bank can mitigate the risk of a loss ofliquidity through a run by short-term creditors by dedicating a buffer stock of cash and liquid securities for emergencyliquidity needs.
C. A dealer bank can mitigate the risk of a lossof liquidity through a run by short-term creditors by Laddering the maturities of its liabilities so that only a smallfraction of its debt needs to be refinanced within a short period of time.
D. Dealer banks cannot have access to secured financing from central bankfacilities, thus it cannot help dealer banks to mitigate the risk of a run byshort-term creditors.
解释：
考点：对The Failure Mechanics of Dealer Banks的理解
答案：D选项表述错误，本题选D
解析：
Dealer bank可以通过从央行获得流动性。
Dealer bank可以通过以下4种方式缓解流动性危机：
1、Establishinglines of bank credit.
2、Dedicating abuffer stock of cash and liquid securities for emergency liquidity needs.
3、Laddering thematurities of its liabilities so that only a small fraction of its debt needsto be refinanced within a short period of time.
4、Dealer banks mayhave access to secured financing from central bank facilities.
lines of bank credit 指的是啥啊？
