NO.PZ2020042003000012
问题如下:
Which of the following statements about the
liquidity in crisis situations is NOT correct?
选项:
A. When crisis happens, the market liquidity
could dry up.
B. In the crisis situation, the
orders cannot be executed, to make the market the dealer would decrease the
bid-ask spread.
C. In the crisis situation, the
sell orders can overwhelm the market.
D. If the margin or collateral requirement is m and
the maximum loss for the position is L(Max), the worst-case cash outflow is: m × L(Max)
解释:
考点:对Liquidity in Crisis Situations的理解
答案:B选项描述错误,本题选B
解析:
B选项错误,在危机情景下,Dealer做市要承担更大的风险,因此Bid–ask spread rises dramatically.
在危机(一般为流动性很差的时候)中,为什么bid ask 价差升高?理解此时,没人愿意买卖,应该降低?