NO.PZ2020042003000096
问题如下：
The following statements are about the liquidity
management, which of the following statement is NOT correct?
选项：
A. Rarely are demands for
liquidity equal to the supply of liquidity.
B. The financial firm must
continually deal with either a liquidity deficit or a liquidity surplus.
C. To resolve liquidity
problems, the only cost is the interest cost on borrowed funds.
D. There is a trade-off between liquidity and profitability. The more resources
are tied up in readiness to meet demands for liquidity, the lower
profitability.
解释：
考点：对Liquidity and Reserves Management:
Strategies and Policies- The Demand for and Supply of Liquidity的理解
答案：C
解析：
选项C错误。解决流动性问题时，除了有Interest
cost on borrowed funds，还存在寻找流动性时的Transactions cost of
time and money，以及为了保持流动性而损失的Opportunity cost。
C选项改为正确的为：
resolving liquidity problems subjects a
financial institution to costs: Interest cost on borrowed funds, the
transactions cost of time and money in finding adequate liquid funds, and an
opportunity cost when earning assets are sold in order to meet liquidity needs.
Demand = supply ?
