问题如下：
Which of the following statement aboutrepurchase agreements is NOT correct?
选项：
A. The purchases price forsettlement is the original invoice price plus interest at the repo rate (impliedinterest) on the transaction.
B. Lenders may initiate thereverse repo to borrow a bond and make profit through taking short positions.
C. Only securities of thehighest credit quality are typically accepted as collateral, and repoagreements often need haircuts.
D. Reposare less stable than unsecured short-term borrowings because of high qualitycollateral.
解释：
考点：对Repurchase Agreements的理解
答案：D选项错误，本题选D
解析：
D选项描述错误，正确的表述为：Reposare more stable than unsecured short-term borrowings because of high qualitycollateral.
为什么A里面要用implied interest呢 费用不就是报价约定的interest，没有用啥市场价格倒推出来这个利息啊
