NO.PZ2023120801000023
问题如下：
Which of the following is a benefit to a bank that makes short-term loans and issues asset-backed commercial paper?
选项：
A.The bank receives commercial paper when the ABCP is issued.
Capital costs are reduced by providing undrawn backup liquidity instead of holding the short-term loans to maturity.
The bank purchases a liquid, short-term note with interest and principal payments from a short-term loan portfolio to which it would otherwise not have direct access.
解释：
Correct Answer: B
The bank will reduce capital costs by providing undrawn backup liquidity instead of holding the short-term loans to maturity. A is incorrect because the bank receives cash when the ABCP is issued, which increases the bank’s return. C is incorrect because investors purchase a liquid, short-term note with interest and principal payments from a short-term loan portfolio to which it would otherwise not have direct access.
1，请问题干的理解正确吗？题干的意思是：银行通过asset backed securites 发行了commercial paper，融到了资金。然后用融到的资金发放short term loans 对吗？
2， 请问B选项怎么理解呢？ 怎么感觉跟题干不太相关呢。