【每日一练】CFA 一级（2015年）

Question：

In a repurchase agreement, the repo margin will be lower the: 
A. higher the quality of the collateral. 
B. lower the demand for the collateral. 
C. higher the supply of the collateral. 
 

Answer = A 
The higher the quality of the collateral, the lower the difference between the market value of the  security used as collateral and the value of the loan—that is, the repo margin. 

CFA Level 1 
"Fixed-Income Markets: Issuance, Trading, and Funding," Moorad Choudhry, Steven V. Mann, and  Lavone F. Whitmer 
Section 7.3 

更多精彩：

要进投行？是不是必须要考CFA！？

CFA一级权益复习策略

CFA考试难吗？适合哪些人考？