1：Which of the followings is not the advantage of derivative?
A.Liquidity improvement.
B.Price discovery.
C.Inflation reduction.
Solution:C
2：Which of the following is the benefit of issuing bonds through a special purpose vehicle?
A.Bankruptcy remoteness.
B.Beneficial tax treatments.
C.Greater liquidity and lower issuing costs.
Solution:A
3：Which of the following bonds can be repaid by using the repayment of previous loans made by the issuer is:
A.Sovereign bonds.
B.Supranational bonds.
C.Non-sovereign bonds.
Solution:B
