NO.PZ2019042401000011
问题如下：
There are several statements regarding the buy side and sell side of the investment industry:
I: the buy side has a longer horizon
II: the buy side uses higher leverage.
III: the sell side has lower turnover
V: the sell side uses VaR as risk measure.
Which of the following is correct :
选项：
A.Both I and III.
B.Both I and V.
C.Both II and III.
D.Both II and V.
解释：
B is correct.
考点：Managing Risk With VAR
解析：与sell side相比，buy side：投资期更长，换手率更慢，杠杆率更低。 sell side会使用VaR作为风险管理指标。因此，statement I 正确，II 错误，III 错误，V正确。所以选项B正确。
这里的Statement III哪里错了
