2. 职称英语
  3. Whereas the money markets provide very short-term loans, the capital market

Whereas the money markets provide very short-term loans, the capital market

游客2025-06-20  27
问题     Whereas the money markets provide very short-term loans, the capital market takes account of medium and long-term loans. It serves the needs of industry and commerce, government and local authorities. Private sector firms borrow their working capital (current assets minus current liabilities) from the money market, which used to be mainly via commercial banks; the role of banks as middlemen has now diminished, even for the working capital requirements. Private sector firms raise their fixed capital by the issue of shares or commercial paper bonds. Government and local authorities borrow medium and long-term capital by issuing gilt-edged stocks and bonds. The main market place for lending and borrowing medium and long-term capital in the UK is the Stock Exchange in London.  [br] Nowadays a private business usually obtains its working capital through a commercial bank.
选项 A、Right
B、Wrong
C、Doesn’t say
答案 B
解析 第三句话指出Private sector firms borrow...even fir the working capital requirements.意为货币市场代替了银行为企业运营资金的功能，银行作为中介人，在这业务上也处于收缩状态。
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