Q30 能分別講解ABCD 四選項嗎？

Why is answer B and C incorrect? As both are indicating improve in liquidity

Is Leveraged ratio buffer only want to. Over credit risk? Or market risk and operational risk also?

Gaming 在這表達什麼？

Answer D 是屬於那個Tier capital?

What is cash neutral alphas? Means the cash holding percentage equal to benchmark ? Or means the cash holding is zero?

What is pairs trading?

Why is it mostly impact to out of the money option?

What is mean by “ the percentage change in correlation volatility prior to recession was negative”? Does it mean the 相關性是負相關?

When market is in recession, why is the spread in mezzanine will decrease and correlation will decrease also? And why is the spread in equity will increase? If the spread increase and the price of equity will also reduce, and when we short the equity we should have gain instead of loss right during the recession time? Could you explain all these in Chinese?