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  36
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] In the UK commercial banks often raise funds by issuing bonds and stocks.
选项 A、Right
B、Wrong
C、Doesn’t say
答案 C
解析 文中最后一句仅说The main market place for lending and borrowing medium and long-term capital in the UK is the Stock Exchange in London．，并没有提及英国商业银行常常通过发行股票和债券进行融资(raise funds)。
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