题目内容:
根据以下材料回答题 Everycountrywithamonetarysystemofitsownhastohavesomekindofmarketinwhichdealersinbills,notes,andotherformsofshorttermcreditcanbuyandsell.The"moneymarket"isasetofinstitutionsorarrangementsforhandlingwhatmightbecalledwholesaletransactionsinmoneyandshorttermcredit.Theneedforsuchfacilitiesarisesinmuchthesamewaythatasimilarneeddoesinconnectionwiththedistributionofanyoftheproductsofadiversifiedeconomytotheirfinalusersattheretaillevel.Iftheretaileristoprovidereasonablyadequateservicetohiscus-tomers,hemusthaveactivecontactswithotherswhospecializeinmakingorhandlingbulkquanti-tiesofwhateverishisstockintrade.Themoneymarketismadeupofspecializedfacilitiesofex-actlythiskind.Itexistsforthepurposeofimprovingtheabilityoftheretailersoffinancialserv-ices-commercialbanks,savingsinstitutions,investmenthouses,lendingagencies,andevengov-ernments-todotheirjobs.Ithaslittleifanycontactwiththeindividualsorfirmswhomaintainaccountswiththesevariousretailersorpurchasetheirsecuritiesorborrowfromthem.
Theelementalfunctionsofamoneymarketmustbeperformedinanykindofmodernecono-my,evenonethatislargelyplannedorsocialist,butthearrangementsinsocialistcountriesdonotordinarilytaketheformofamarket.Moneymarketsexistincountriesthatusemarketprocessesratherthanplannedallocationstodistributemostoftheirprimaryresourcesamongalternativeuses.
Thegeneraldistinguishingfeatureofamoneymarketisthatitreliesuponopencompetitionamongthosewhoarebulksuppliersoffundsatanyparticulartimeandamongthoseseekingbulkfunds,toworkoutthebestpracticabledistributionoftheexistingtotalvolumeofsuchfunds.
Intheirmarkettransactions,thosewithbulksuppliesoffundsordemandsforthem,relyongroupsofintermediarieswhoactasbrokersordealers.Thecharacteristicsofthesemiddlemen,theservicestheyperform,andtheirrelationshiptootherpartsofthefinancialvarywidelyfromcountrytocountry.Inmanycountriesthereisnosinglemeetingplacewherethemiddlemengettogether,yetinmostcountriesthecontactsamongallparticipantsaresufficientlyopenandfreetoassureeachsupplieroruseroffundsthathewillgetorpayapricethatfairlyreflectsalloftheinfluences(in-cludinghisown)thatarecurrentlyaffectingthewholesupplyandthewholedemand.Innearlyallcases,moreover,theunifyingforceofcompetitionisreflectedatanygivenmomentinacommonprice(thatis,rateofinterest)forsimilartransactions.Continuousfluctuationsinthemoneymar-ketratesofinterestresultfromchangesinthepressureofavailablesuppliesoffundsuponthemar-ketandinthepullofcurrentdemandsuponthemarket.
Thefirstparagraphismainlyabout A.thedefinitionofmoneymarket.
B.theconstitutionofamoneymarket.
C.thebasicfunctionsofamoneymarket.
D.thegeneralfeatureofamoneymarket.
参考答案:
答案解析: