为什么CostOfTrade会影响liquidity呢？

问题如下：

Which of the following statements about the factors that influences liquidity is not correct?

选项：

“Time it takes to carry out a trade” is one factor that could influence the liquidity.

Liquidity is a function of the position or instrument traded. exchange-traded positions (e.g., FX) have more liquid markets than OTC

“Frequency and size of trades” is also a factor that influence the liquidity.

“Cost of transacting” would not influence the liquidity of an asset, because we pay transaction costs for all of the trades.

解释：

考点：对Transaction liquidity risk measurement的理解

答案：D选项表述错误，本题选D。

解析：

影响Liquidity的因素有（Factors that Influence Liquidity）：

1、Number of traders in the market

2、Frequency and size of trades

3、Time it takes to carry out a trade

4、Cost of transacting.

5、Liquidity is also a function of the position or instrument trade D Exchange-traded positions (e.g., FX) have more liquid markets than OT

Cost of transaction会影响资产的Liquidity，因此选项D的表述错误。