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
2019-01-11
21
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.
The author uses the example of middleman to show______.
选项
A、market transactions are important in different countries
B、dealers are needed in doing business
C、middlemen can play great role in different transactions and different countries
D、middlemen in different countries have different actions in business
答案
C
解析
第三段中,对这些middleman的作用进行了阐述,从中我们可以看到他们在不同的国家都起到了重要的作用。
转载请注明原文地址:https://kaotiyun.com/show/DpRd777K
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
Afather’srelationshiptohischild’scurrentandfutureacademicsuccessandfilelevelofhisorherdevelopmentinacademic
Thehealth-careeconomyisfilledwithunusualandevenuniqueeconomicrelationships.Oneoftheleastunderstoodinvolvesthe
WouldyouliketoorbittheEarthinsidetheInternationalSpaceStation?Nowyoucantakeaspaceholiday—forapriceThisis
ThehistoryofEnglishisconventionally,ifperhapstooneatly,dividedintothreeperiodsusuallycalledOld(orAnglo-Saxon)
Anewcomputersystemhasbeendesignedtostopshipssinking.Thegreatestdanger【21】______aholedvesselisthatflooding
Studythefollowingpicturecarefullyandwriteanessayonthetopic:ADangerousConcept.Writeyouressayaccordingtothefo
Educationisprimarilytheresponsibilityofthestates.Stateconstitutionssetupcertainstandardsandrulesfortheestablis
Accordingtotheinvestigation,whoislikelytohavenightmares?
failure
PolicemanJamesleftthestationjustafter8:30a.m.onSundayJuly5.Hehadspentaquietnightondutyandwaslookingforw
随机试题
第三脑室后端为
一般情况下,最佳沥青用量OAC可以取()。
设备工程总工期允许拖延的时间有限,则以()作为规定工期进行网络计划调整。
预算组织程序包括预算的()。
用人单位安排加班不支付加班费的,由劳动行政部门责令限期支付加班费,逾期不支付的,责令用人单位按应付金额()的标准向劳动者加付赔偿金。
甲公司将所属设备租赁给乙公司使用。租赁期间,甲公司将用于出租的设备卖给丙公司。根据合同法律制度的规定,下列表述中,正确的是()。
德国哲学家尼采认为:“一个充实的、雄厚的、伟大的、完全的人要胜过无数残缺不全、鸡毛蒜皮的人。”这种历史观属于()
居民身份证及其他人口证件的签发和验证工作属于治安行政管理工作中的一项内容。()
平均通勤距离超过了4个城市平均值的有:
下列部门法中按照社会关系调整的机制这一标准划分出来的是()。
最新回复
(
0
)