问题如下：
Which of the following statements about liquidity
generation capacity is NOT correct?
选项：
A. Liquidity generation capacity
manifests itself in two ways: balance sheet expansion and balance sheet
shrinkage.
Repo can also be considered
separately and labelled as balance sheet expansion.
LGC related to balance sheet expansion is dependent
on these external factors, whereas balance sheet reduction, or "balance
sheet neutral” are not.
Balance
sheet liquidity (BSL), is the liquidity that can be generated by the assets
existing in the balance sheet.
解释：
考点：对Quantitative Liquidity Risk Measures的理解
答案：B
解析：
选项B错误，Repo不属于balance sheet expansion。Repo被划分为balance sheet neutral: Repo can also be considered separately and labelled as “balance sheet neutral”.
选项A，不应该还包括B/S netural吗？
