为什么A不对？

问题如下：

Which one of effects below could cause the phenomenon in phase 2 (Dash for Cash)?

选项：

A.

Extremely high demand for cash and cash equivalents

B.

Flows in funds investing in risky assets turned negative

C.

crude prices dropped significantly and the entire oil futures curve shifted down

D.

Volatility rose substantially and suddenly

解释：

Correct answer: A

在第二阶段急于套现中，有四个重要的因素：

First, there was an extremely high demand for cash and near-cash assets.

Second, there was a very sharp tightening of financial conditions, limiting the ability of corporates to obtain market funding.

Third, longstanding relationships in prices across different markets began to break down, including in the core US Treasuries market.

Finally, severe strains in offshore dollar funding markets emerged.

所以，A选项极度需要现金和现金的等价物是第二阶段急于变现的原因之一。