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小蜜蜂jj1 · 2022年01月31日

如果市场本来流动性就很好,那不就很难再improve了吗?应该很容易降低有效性才对啊?

NO.PZ2018062002000036

问题如下:

Iris, a financial analyst, recently studied how well the country's financial market is functioned. According to her research, the market transaction costs are low but the trading volumes are very high in this market. Therefore she believes the market liquidity is quite high. Which of the following statements is correct?

选项:

A.

In such a market, it is hard for traders to make use of their information.

B.

In such a market, it is easy for traders to trade and their transactions will reduce the effectiveness of market information.

C.

In such a market, it is easy for traders to trade and their transactions will improve the effectiveness of market information.

解释:

In a highly liquid markets, for informed trader, the completion of their orders is relatively easy. Their trading will make prices to incorporate the information, and the price will be consistent to its fundamental values.

考点:Well Functioned Financial Market

一位金融分析师Iris正在检查一个国家的金融市场是否运转良好,她发现该市场交易成本低、交易量很高,她认为该市场的流动性很好。那么在这样的市场中,下列说法正确的是:

A.说反了。题干说交易成本很低,流动性很好,此时如果分析师认为某只股票被低估了,那么在市场中很容买到。相反,如果此时交易成本很高,流动性又很差,那么即便分析师有判断,也无法实施,这个叫做hard to make use of inforamation。

B和C前半句一样,都是正确的:易成本很低,流动性很好的市场,交易员很容易交易。市场中交易越多,市场的就会越有效。因此B错在后半句。

如题。。。。。。。。。
1 个答案

王园圆_品职助教 · 2022年01月31日

嗨,爱思考的PZer你好:


同学你好,首先题干只是说市场的流动性很好,并没有说市场的流动性已经好到极限,不可能再被提升了。所以我们对于题干没有给出的信息,不能凭想象判断哦~~

其次,假设市场的流动性已经好到极限了,我们也可以理解题干的意思是分析师发现这个市场的流动性非常好,在市场流动性会很好的前提下哪个选项描述的情形会成立

C 选项是说在一个流动性很好的市场上,交易员可以很容易的做交易,而这些很容易实现的交易就是市场能够快速对信息做出反应,从而导致市场变得有效的原因

毕竟在一个容易交易的市场上,无论如何不可能因为交易的存在反而使市场变无效的哦~~




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就算太阳没有迎着我们而来,我们正在朝着它而去,加油!

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NO.PZ2018062002000036 问题如下 Iris, a financianalyst, recently stuehow well the country's financimarket is functione Accorng to her research, the market transaction costs are low but the trang volumes are very high in this market. Therefore she believes the market liquity is quite high. Whiof the following statements is correct? A.In sua market, it is harfor trars to make use of their information. B.In sua market, it is easy for trars to tra antheir transactions will rethe effectiveness of market information. C.In sua market, it is easy for trars to tra antheir transactions will improve the effectiveness of market information. In a highly liquimarkets, for informetrar, the completion of their orrs is relatively easy. Their trang will make prices to incorporate the information, anthe priwill consistent to its funmentvalues.考点Well FunctioneFinanciMarket一位金融分析师Iris正在检查一个国家的金融市场是否运转良好,她发现该市场交易成本低、交易量很高,她认为该市场的流动性很好。那么在这样的市场中,下列说法正确的是A.说反了。题干说交易成本很低,流动性很好,此时如果分析师认为某只股票被低估了,那么在市场中很容买到。相反,如果此时交易成本很高,流动性又很差,那么即便分析师有判断,也无法实施,这个叫做harto make use of inforamation。B和C前半句一样,都是正确的易成本很低,流动性很好的市场,交易员很容易交易。市场中交易越多,市场的就会越有效。因此B错在后半句。 AIn sua market, it is harfor trars to make use of their information.在这样的市场中,交易者很难利用他们的信息。因为市场有效 → 所以市场反应了所有的信息 → 在这样的市场 交易者难以利用已知信息。老师这样理解为什么不对哇?请老师指正,谢谢。

2023-07-09 21:10 1 · 回答

市场流动性高,价格反应信息的速度快,信息的有效性就会随着交易的增加而变得无效,为什么流动性高提高了信息的有效性?这个有效性到底是指什么

2020-01-31 22:23 1 · 回答

    A错在哪儿?信息都无效不是说明市场有效吗?

2019-01-22 15:47 1 · 回答