A选项是什么意思，是DealerBank可以向其他银行申请CreditLine吗？

问题如下：

The following statements are about means to mitigate the risk of a run by short-term creditors for dealer banks, which of the following statements is NOT correct?

选项：

A dealer bank can mitigate the risk of a loss of liquidity through a run by short-term creditors by establishing lines of bank credit

A dealer bank can mitigate the risk of a loss of liquidity through a run by short-term creditors by dedicating a buffer stock of cash and liquid securities for emergency liquidity needs.

A dealer bank can mitigate the risk of a loss of liquidity through a run by short-term creditors by Laddering the maturities of its liabilities so that only a small fraction of its debt needs to be refinanced within a short period of time.

Dealer banks cannot have access to secured financing from central bank facilities, thus it cannot help dealer banks to mitigate the risk of a run by short-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、Establishing lines of bank credit.

2、Dedicating a buffer stock of cash and liquid securities for emergency liquidity needs.

3、Laddering the maturities of its liabilities so that only a small fraction of its debt needs to be refinanced within a short period of time.

4、Dealer banks may have access to secured financing from central bank facilities.