NO.PZ2020042003000113
问题如下：
When considering non-deposit funding
sources, which of the following is NOT correct?
选项：
A.
Federal funds is among the
cheapest short-term borrowed funds
B.
The key advantage of Fed funds is their ready availability through a
simple phone call or online computer request.
C.
CD and commercial paper borrowings are usually better for
longer-term funding needs that stretch over several days or weeks
D.
Another key advantage of Federal funds is
their stable market interest rate.
解释：
考点：对Managing Non-deposit Liabilities的理解
答案：D
解析：
选项D错误。Federal funds没有选项D描述的优点，相反，Federal funds的确定就是利率波动较大：The key disadvantage is their volatile market interest rate—its wide
fluctuations that make planning difficult.
联邦基金是政府资金，利率为何会不稳
