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
2016-11-17
44
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://kaotiyun.com/show/ttRd777K
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
Mostcountriesintheworldnowwelcometouristsbecauseofthemoneytheybringin.Manycountriesmakegreateffortstoencour
ProperstreetbehaviorintheUnitedStatesrequiresanicebalanceofattentionandinattention.Youaresupposedtolookata
Learningdisabilitiesareverycommon.They【21】______perhaps10percentofallchildren.Scientistsnowknowthereareman
Learningdisabilitiesareverycommon.They【21】______perhaps10percentofallchildren.Scientistsnowknowthereareman
Humanbeingsareanimals.Webreathe,eatanddigest,andreproducethesamelife【21】______commontoallanimals.Inabio
"Equalitybetweenwomenandmenisnolongeranegotiableissue."ThesearestrongwordsofGertrudeMongellaofTanzania,theS
Theratiobetweenpaymentsintoandoutofacountryisknownasthecountry’sbalanceofpayments.Besidesthevalueofimports
Mostgrowingplantscontainmuchmorewaterthanallothermaterialscombined.C.R.Barneshassuggestedthatitisaspropert
Whatmustyoumakesurewhenyouloadthecassette?
Itisexcitingtoapplyforajobthatreallyappealstoyou.Inmakingyourapplication,thereareanumberofpointsforyout
随机试题
静脉快速注入大量生理盐水、血浆蛋白合成减少、血浆蛋白丢失,可导致()
道格拉斯窝位于下列哪两个结构之间
A、黄芪B、大血藤C、莪术D、麦冬E、鸡血藤饮片切面显菊花心的药材为
《中华人民共和国港口法》第七条规定编制港口规划应当组织()论证。
甲公司2007年度至2012年度发生的与一栋办公楼有关的业务资料如下:(1)2007年1月1日,甲公司与乙公司签订合同,委托乙公司为其建造一栋办公楼。合同约定,该办公楼的总造价为5000万元,建造期为12个月,甲公司于2007年1月1日向乙公司
2,1,-1,1,12,()
根据以下资料。回答下列问题。2010年我国主要进口商品中,以下哪类商品的进口平均单价最高?()
国家机关的立法活动必须遵循法定的程序包括()
有三个关系R、S和T如下:则由关系R和S得到关系T的操作是()。
以下叙述中正确的是()。
最新回复
(
0
)