问题
单项选择题
Which of the following statements regarding liquidity risk is FALSE（）
A. The bid-ask spread is one measurement of liquidity risk.
B. Emerging markets typically have more liquidity risk than established markets.
C. Liquidity risk is not important to an investor who intends to hold a security until maturity.
答案
参考答案：C
解析：
Even if an investor intends to hold securities to maturity, liquidity risk impacts portfolios when marking to market and through changes in investor tastes and preferences over time. For example, liquidity is important to institutional investors that must determine market values for net asset values (NAVs) and to dealers in the repurchase market for collateral valuation.