根据下面资料，回答题 Every country with a monetary system of its own has to hav-考呗网

公共英语四级

单选题根据下面资料，回答题
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 econo-my, 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 itrelies 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 existiog 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 suffic, iently open and freeto assure each supplier or user of funds that he will get or pay a price.that fairly reflects all of the influences (in-cluding his own) that are currently affecting the whole supplyand the whole demand. In nearly all cases, moreover, the unifying force of competition is reflectedat any given moment in a common price (that is, rate of interest) for similar transactions. Continuous fluctuations in the money mar-ket rates of interest result from changes in the pressure of available supplies of funds upon the mar-ket and in the pull of current demands upon the market.
The first paragraph is mainly about__________．

A．the definition of money market
B．the constitution of a money market
C．the basic functions of a money market
D．the general feature of a money market

参考答案：C进入在线模考

参考译文
每一个拥有独立金融系统的国家都应该有这样的市场：在这里汇票、期票和其他形式的短期信贷可以进行买卖。“金融市场”就是一组用钱和短期信贷进行批发交易的公共机构或组织。在多样经济背景下，在零售层面中将产品分配给最终的用户需要建立很多便利设施，同样在批发方面，对这样的设施的需求也在快速增长。如果零售商要为他的客户提供充足的服务，他必须主动同大量制造及买卖他所要存货物品的其他商人联系。金融市场就是由这种专门的设施组成的。其设立的目的是为了帮助金融机构——金融银行、储蓄机构、投资公司、信贷中介、甚至政府——的零售商们做好他们的工作。它与那些与不同零售商有关系的或购买他们的有价证券或借贷的个人或公司几乎没有什么联系。
货币市场最基本的功能必须以现代经济形式来体现，甚至是高度计划或社会主义，但社会主义国家不一定都要采取市场形式。金融市场存在于那些利用市场而不是计划来分配资源的国家里。金融市场的基本特征是公平竞争，既存在于某一时间内资金的提供者之间，也存在于资金寻求者之间，以达到所有现存类似资金的最合理的分配。
在市场交易中，提供资金和寻求资金者之间依靠经纪人或经销商这些中间人来进行交易。这些中间人的特点，他们提供的服务以及他们同其他金融机构之间的关系每个国家都不同。在许多国家，没有这些中间人聚集的专门地点，但大多数国家中所有参与者之间的联系都是公开进行，保证资金提供者和使用者能正确了解目前影响供需的所有因素(包括他自身)的情况下买卖商品。并且在绝大多数情况下，竞争都显示在某一特定时间相同交易的一般价格上(即利率)。市场上资金供应压力和拉动市场需求压力的变化经常导致金融市场的持续波动。
答案及解析
第一段的描述很明显就是货币市场的基本功能。所以选择C项。

你可能感兴趣的试题

1According to this passage，a money market__________．

A．provides convenient services to its customers
B．has close contact with the individuals or firms seeking fuads
C．maintains accounts with various retailers of financial services
D．is made up of institutions who specialize in handling wholesale monetary transactions

点击查看答案进入在线模考

2Which of the following statements about a money market is NOT true according to this passage?

A．Money market does not exist in planned economies．
B．Money market has been established in some socialist countries．
C．Money market encourages open competition among bulk suppliers of funds．
D．Money market relies upon market processes to distribute funds to final users．

点击查看答案进入在线模考

3The author uses the example of middleman to Show__________．

A．market transactions are important in different countries
B．dealers are needed in doing business
C．middlemen Call play great role in different transactions and different countries
D．middlemen in different countries have different actions in business

点击查看答案进入在线模考