NO.PZ2020042003000040
问题如下:
At times, large dealer banks have financed
significant fractions of their assets using short-term (often overnight)
repurchase agreements in which creditors held bank securities as collateral
against default losses. The table below shows the quarter-end financing of four
broker-dealer financial instruments. All values are in USD billions.
In the event that repo creditors become equally nervous about each bank’s solvency, which bank is most vulnerable to a liquidity crisis?
选项:
A. Bank A
Bank B
Bank C
Bank D
解释:
考点:对The Failure Mechanics of Dealer Banks的理解
答案: 选项B正确。
解析:
Not pledged assets在Financial
instruments owned里的占比越高代表在Liquidity crisis时越安全,相反,如果Not pledged assets在Financial instruments
owned里的占比越低,则代表越Vulnerable。因为B银行的占比最低,因此在Liquidity crisis时,他是Most vulnerable。