NO.PZ2020042003000018
问题如下:
Which of the following statements about the
“the collateral market” is NOT correct?
选项:
A. Markets for collateral are
formed when securities are used as collateral to obtain secured loans of cash
or other securities
B. A haircut ensures that the full value of the
collateral is not lent.
C. Margin loans is lending for the purpose of
financing a security transaction in which the loan is collateralized by the
security
D. In
a securities lending, the security lender gives the security’s dividend and
interest cash flows to the security borrower.
解释:
考点:对Economics of The Collateral Market的理解
答案:D选项描述错误,本题选D。
解析:
在Security lending的交易中,证券的现金流仍然属于Security lender: The security lender continues to receive dividend
and interest cash flows from the security
B是什么意思?解答一下