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和棋 · 2020年10月30日

问一道题:NO.PZ2020042003000102

问题如下:

Management sees the worst possible situation next week by a $25 million liquidity deficit, it has a probability of only 15%. The best possible outcome would be a $80 million liquidity surplus. However, this is judged to have only a 10% probability of occurring. More likely is the middle ground—a $15 million liquidity surplus—with a management-estimated probability of 75%. According to the information above, this financial firm’s expected liquidity requirement must be

选项:

A.

15.5

B.

16.5

C.

14.5

D.

19.5

解释:

考点:对Liquidity and Reserves Management: Strategies and Policies-Estimating Liquidity Needs的理解

答案:A

解析:

Expected liquidity requirement = 0.10 × (+$80 million) + 0.75 × (+$15 million) +0.15 × (-$25 million) =15.5 million

请问这一题只要计算25M*0.15作为liquidity requirement吧,为什么在其他情况下liquidity有surplus还要有liquidity需求呢?

1 个答案

袁园_品职助教 · 2020年10月31日

同学你好!

Expected 就是要综合考虑所有情况

你可以再去听一下老师在S11 “Sources and Uses of Funds Approach(2)”这一节视频里有讲解