NO.PZ2020042003000018
问题如下：
Which of the following statements about the
“the collateral market” is NOT correct?
选项：
A. Markets for collateral are
formed when securities are used as collateral to obtain secured loans of cash
or other securities
B. A haircut ensures that the full value of the
collateral is not lent.
C. Margin loans is lending for the purpose of
financing a security transaction in which the loan is collateralized by the
security
D. In
a securities lending, the security lender gives the security’s dividend and
interest cash flows to the security borrower.
解释：
考点：对Economics of The Collateral Market的理解
答案：D选项描述错误，本题选D。
解析：
在Security lending的交易中，证券的现金流仍然属于Security lender: The security lender continues to receive dividend
and interest cash flows from the security
B是什么意思?解答一下
