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2025-06-19  16
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] An industrial corporate can meet its financial needs by seeking funds from the capital market.
选项 A、Right
B、Wrong
C、Doesn’t say
答案 A
解析 结合第一、二句可知资本市场为工商企业、政府、地方政府提供中长期融资，进一步推导得出工商业企业的融资需求可以通过资本市场满足。
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