实际情况

问题如下：

Which of the following statements about the characteristics of derivative market is not correct ?

选项：

A.

a low degree of leverage

B.

more liquid than their underlying

C.

lower transaction costs

解释：

A is correct.

Derivatives have lower capital requirements, thus have high degrees of leverage. In addition, derivatives generally trade at lower transaction costs and are more liquid than their underlying.

本题考察衍生品市场的特点

A选项：衍生品市场有高杠杆，选项错误；

B选项：衍生品市场比现货市场有更大流动性，正确；

C选项：衍生品市场交易成本更低，正确。