首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
Every country with a monetary system of its own has to have some kind of market in which dealers in bills, notes, and other form
Every country with a monetary system of its own has to have some kind of market in which dealers in bills, notes, and other form
admin
2019-10-21
13
问题
Every country with a monetary system of its own has to have some kind of market in which dealers in bills, notes, and other forms of short term credit can buy and sell. The"money market" is a set of institutions or arrangements for handling what might be called wholesale transactions in money and short term credit. The need for such facilities arises in much the same way that a similar need does in connection with the distribution of any of the products of a diversified economy to their final users at the retail level. If the retailer is to provide reasonably adequate service to his customers , he must have active contacts with others who specialize in making or handling bulk quantities of whatever is his stock in trade. The money market is made up of specialized facilities of exactly this kind. It exists for the purpose of improving the ability of the retailers of financial services—commercial banks, savings institutions, investment houses, lending agencies, and even governments—to do their jobs. It has little if any contact with the individuals or firms who maintain accounts with these various retailers or purchase their securities or borrow from them.
The elemental functions of a money market must be performed in any kind of modern economy, even one that is largely planned or socialist, but the arrangements in socialist countries do not ordinarily take the form of a market. Money markets exist in countries that use market processes rather than planned allocations to distribute most of their primary resources among alternative uses. The general distinguishing feature of a money market is that it relies upon open competition among those who are bulk suppliers of funds at any particular time and among those seeking bulk funds, to work out the best practicable distribution of the existing total volume of such funds.
In their market transactions, those with bulk supplies of funds or demands for them, rely on groups of intermediaries who act as brokers or dealers. The characteristics of these middlemen, the services they perform, and their relationship to other parts of the financial vary widely from country to country. In many countries there is no single meeting place where the middlemen get together, yet in most countries the contacts among all participants are sufficiently open and free to assure each supplier or user of funds that he will get or pay a price that fairly reflects all of the influences(including his own)that are currently affecting the whole supply and the whole demand. In nearly all cases, moreover, the unifying force of competition is reflected at any given moment in a common price(that is, rate of interest)for similar transactions. Continuous fluctuations in the money market rates of interest result from changes in the pressure of available supplies of funds upon the market and in the pull of current demands upon the market.
According to this passage, a money market______.
选项
A、provides convenient services to its customers
B、has close contact with the individuals or firms seeking funds
C、maintains accounts with various retailers of financial services
D、is made up of institutions who specialize in handling wholesale monetary transactions
答案
D
解析
关于“货币市场”的定义,可以通过第一段第二句中的“The‘money market’.is a set of institutions or arrangements…”可知,该句的意思与D项一致。
转载请注明原文地址:https://jikaoti.com/ti/wKGsFFFM
本试题收录于:
公共英语四级笔试题库公共英语(PETS)分类
0
公共英语四级笔试
公共英语(PETS)
相关试题推荐
Amarketiscommonlythoughtofasaplacewherecommoditiesareboughtandsold.Thusfruitandvegetablesaresoldwholesale
Amarketiscommonlythoughtofasaplacewherecommoditiesareboughtandsold.Thusfruitandvegetablesaresoldwholesale
What’sTom’spurposeofspeakingtoMr.Clinton?
Mr.Smith,apassengeronthetranscontinentaltrain,appearedbeforethejudge.Apoliceofficerclaimedhehadattemptedto【
Mr.Smith,apassengeronthetranscontinentaltrain,appearedbeforethejudge.Apoliceofficerclaimedhehadattemptedto【
Iamafraidtosleep.Ihavebeenafraidtosleepforthelastfewweeks.Iamsotiredthat,finally,Idosleep,butonlyfor
Notafraidof.
Notafraidof.
Whatcropsdoesthefarmergrow?
TheGentleman’sHouse
随机试题
A、起自颞窝和颞深筋膜深面,止于喙突和下颌支前缘直至下颌第三磨牙远中的咀嚼肌B、起自颧弓深面,垂直向下止于下颌支上部和喙突的咀嚼肌C、起自上颌骨颧突和颧弓下缘的前2/3,向下后行,止于咬肌隆突和下颌支外侧面下半部的咀嚼肌D、起于翼外
当山坡上的填方路基有斜坡下滑倾向时应采用()。【2013年真题】
()是指依法设立的从证券服务业务的法人机构。
下列各项中,符合契税纳税义务发生时间和完税时间规定的有()。
【说明】网络的拓扑结构如下图所示,内部网络使用IP地址段192.168.0.0/24,并通过路由器Rl接入到Internet,该路由器支持NAT功能。R1的外网IP地址为123.116.10.66,内网IP地址是192.168.0.100,MAC地址为0
函数y=loga(x+3)-1(a>0,a≠1)的图象恒过定点A,若点A在直线mx+ny+1=0上,其中mn>0,则的最小值为______。
建设有中国特色社会主义的重要理论根据包括()。
现代社会人与人之间变得越来越冷漠了。有以下三个观点:一是现在很多人对有些事漠不关心,认为不关我事,何必多管闲事;二是现在很多人由于工作压力很大,没有时间和精力去与他人沟通交往;三是邻里之间没有之前那样和睦,人际关系变得疏远。邻里文化好像有所缺失。请
[A]Thisinterpretationwaschallengedinarecentpaper.Afterreviewingtheresearchliterature,theauthorsconcludedthatna
设有如下一段程序:PrivateSubCommand1_Click()StaticaAsVarianta=Array("one","two","three","four","five")Printa(3)EndSub针对上述事件过
最新回复
(
0
)