NO.PZ2020042003000022
问题如下：
Which of the following statement about
repurchase agreements is NOT correct?
选项：
A. The purchases price for
settlement is the original invoice price plus interest at the repo rate (implied
interest) on the transaction.
Lenders may initiate the
reverse repo to borrow a bond and make profit through taking short positions.
Only securities of the
highest credit quality are typically accepted as collateral, and repo
agreements often need haircuts.
Repos
are less stable than unsecured short-term borrowings because of high quality
collateral.
解释：
考点：对Repurchase Agreements的理解
答案：D选项错误，本题选D
解析：
D选项描述错误，正确的表述为：Repos
are more stable than unsecured short-term borrowings because of high quality
collateral.
1.一般repo的hair cut是多少呢
2.有不进行hair cut的repo吗
