问题如下：
The approach to meeting liquidity needs is
also known as asset conversion, namely storing liquidity in assets. Which of
the following statements about storing liquidity in assets is NOT correct?
选项：
A. It is a more risky approach
to liquidity management than relying on borrowings.
It is not a costless approach. Loss of future
earnings (opportunity cost); transactions costs. Assets may be sold in a
declining market.
It also weaken the appearance
of the balance sheet as the assets sold are often low-risk securities.
Liquid
assets carry the lowest rates of return thus, give up higher returns.
解释：
考点：对Liquidity and Reserves Management:
Strategies and Policies- Strategies for Liquidity Managers的理解
答案：A
解析：
选项A的表述错误。Storing liquidity
in assets是比Borrowings管理Liquidity的风险更小。
将A改成正确的表述为：
It is a less risky approach to liquidity
management than relying on borrowings.
C选项解释的卖无风险资产会使得资产负债表不好看是什么意思
