NO.PZ2020042003000001
问题如下：
Which of the following statement about
Liquidity risk is not correct?
选项：
A. An asset is said to be liquid
if it is “near” or a good substitute for cash.
Transaction
liquidity risk is the risk of moving the price of an asset adversely in the act
of buying or selling it.
A market is said to be liquid
if market participants can put on or unwind positions.
An
asset is said to have a liquidity premium if its price is lower and expected
return higher because it isn’t perfectly liquid.
解释：
考点：对Liquidity risk的概念理解
答案：C选项表述错误，本题选C。
解析：
Liquid Market在买卖资产时，有以下限制条件：put on or unwind positions quickly, without excessive transactions
costs and without excessive price deterioration.
特别是put和unwind在这里是什么意思呢
