NO.PZ2020042003000001
问题如下：
Which of the following statement about
Liquidity risk is not correct?
选项：
A. An asset is said to be liquid
if it is “near” or a good substitute for cash.
B. Transaction
liquidity risk is the risk of moving the price of an asset adversely in the act
of buying or selling it.
C. A market is said to be liquid
if market participants can put on or unwind positions.
D. An
asset is said to have a liquidity premium if its price is lower and expected
return higher because it isn’t perfectly liquid.
解释：
考点：对Liquidity risk的概念理解
答案：C选项表述错误，本题选C。
解析：
Liquid Market在买卖资产时，有以下限制条件：put on or unwind positions quickly, without excessive transactions
costs and without excessive price deterioration.
一个资产有流动性预期，当价格低、预期收益高，因为它的流动性不好。这句话不是前后矛盾的么？
