NO.PZ2020042003000009
问题如下：
Which of the following statements about LAR
and VaR is NOT correct?
选项：
A. In the case of a
future-hedged bond, its VaR is lower but its LaR is higher, because of the
possible margin call on the futures contracts.
VaR is concerned with a loss
in value, and LaR is concerned with a cash flow shortfall.
Liquidity at Risk (LaR)) is typically
lower than the cash flow at risk.
Borrowing
and lending could influence LAR.
解释：
考点：对Funding Liquidity Risk Measurement的理解
答案： 选项C描述错误，本题选C
解析：
C选项说LAR通常是小于Cash flow at risk，这点错误，LAR的另外一种表述是Cash flow at risk: Liquidity at Risk (LaR) (also known as cash flow
at risk) is the cash-flow version of VaR.
A为什么对呢，不太懂可以解释下吗？
