单选题 An analyst does research about unique risks of hedge funds. The risk for a hedge fund arising from the failure to deliver the specified security or money by one of the parties to the transaction on the closing day is most likely:
A. pricing risk.
B. settlement risk.
C. financing squeeze.

【正确答案】 B

【答案解析】[解析] 价格风险是指每日盯市(或者保证金)需要对冲基金交易者补充抵押品而造成的风险，否则将会被强制平仓。结算风险是指结算日不能交付对方证券或钱的风险。财务挤出是指如果对冲基金达到或接近它的借款限制，它的借款能力将受到限制，对冲基金被迫降低其杠杆，此时对冲基金可能发生重大亏损，特别是在流动性比较差的市场中。