As for liquidity, a three-month loan can less readily be exchanged for cash than an overnight one and lenders require a reward for that risk.

就流动性风险来说，三个月的贷款较隔夜贷款准备好现金的可能性更小，所以借款人需要获得这一块的风险补偿。

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As for liquidity, a three-month loan can less readily be exchanged for cash than an overnight one and lenders require a reward for that risk.

就流动性风险来说，三个月的贷款较隔夜贷款准备好现金的可能性更小，所以借款人需要获得这一块的风险补偿。

youdao