NO.PZ2020042003000015
问题如下：
Which of the following statements about the“Liquidity Risk Management of Financial Institutions” is NOT correct?
选项：
A. For commercial banks, a bank run may cause allor a large number of depositors asking for the return of their moneysimultaneously.
B. For commercial banks, rolloverrisk is the risk that the short-term debt cannot be refinanced or can berefinanced only on highly disadvantageous terms.
C. Hedge Funds face liquidityrisk throughout their capital structures, such as Hedge funds permit investorsto withdraw their funds at agreed-upon intervals.
D. Unlikeother intermediaries, hedge funds do not face short-term funding risk on theirassets.
解释：
考点：对Liquidity Risk Management of FinancialInstitutions的理解
答案：D选项描述错误，本题选D
解析：
D选项错误，对于Hedge fund，通常依赖Collateral markets，或者是Short positions来获取短期融资，因此HFs面临Short-term funding risk.
D选项正确的描述为：Likeother intermediaries, hedge funds also face short-term funding risk on theirassets. Hedge funds typically have no access to wholesale funding and relyentirely on collateral markets, short positions, derivatives, and othermechanisms.
roll over risk能再详细说明下吗
