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  3. There are two general ways in which the term "market" is used in economics. First, a market is thought of as a formal or informa

There are two general ways in which the term "market" is used in economics. First, a market is thought of as a formal or informa

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问题     There are two general ways in which the term "market" is used in economics. First, a market is thought of as a formal or informal organization of buyers and sellers who conduct trades in particular commodities or services. The market may be located at a geographical meeting place, such as your friendly neighborhood bookstore or shopping center (a retail market). A market may be organized over wide areas connected through phones or computer terminals. Although the trading room of the New York Stock Exchange is located in New York City, buyers and sellers who actively participate in this market may conduct their trades from distant locations. This description is the institutional way of looking at a market.
    The second meaning of the word "market" is used in formal economic models. Here the equations that explain the demand and supply of a commodity such as money are sometimes grouped together. The reasons for supplying and holding money are thought to be specific enough to warrant separate equations. This is an abstract way to think of the money market.
    New financial assets are traded in primary markets. Financial assets that are resold are waded in secondary markets. Firms that specialize in trading either new or reissued financial assets are called primary secondary dealers, respectively.
If a consumer wants to sell his CDs before the maturity date, he would do it in the primary markets.
选项 A、Right
B、Wrong
C、Doesn’t say
答案B
解析 最后一段第二句明确指出Financial assets that are resold are waded in secondary markets，题中的购买定期存单者想在未到期前转卖(resold)，就必须在二级市场(secondary market)进行。
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本试题收录于： FECT综合（现代金融业务）题库金融英语（FECT）分类
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