第一个错了吧？eliminate是完全消除，风险是不能消除的吧？

问题如下：

Which statement about market participants is incorrect?

I. Hedgers use derivatives to reduce or eliminate risk exposure.

II. Speculators wish to take a position in the derivative market to bet the price movements.

III. Arbitrage involves taking advantage of inconsistent pricing across two or more markets.

选项：

A.

I

B.

II

C.

III

D.

None of I, II, III

解释：

Hedgers use derivatives to reduce or eliminate risk exposure.

Speculators wish to take a position in the derivative market to bet the price movements.

Arbitrage involves taking advantage of inconsistent pricing across two or more markets.

I，II， III，均为正确描述。