单选题 {{B}}Passage Three{{/B}}
Whereas the money markets provide very short-term loans, the capital market takes account of medium and long-term loans. It serves the needs of industry and commerce, government and local authorities. Private sector firms borrow their working capital (current assets minus current liabilities) from the money market, which used to be mainly via commercial banks; the role of banks as middlemen has now diminished, even for the working capital requirements. Private sector firms raise their fixed capital by the issue of shares or commercial paper bonds. Government and local authorities borrow medium and long-term capital by issuing gilt-edged stocks and bonds. The main market place for lending and borrowing medium and long-term capital in the UK is the Stock Exchange in London.
单选题 An industrial corporate can meet its financial needs by seeking funds from the capital market.
【正确答案】 A
【答案解析】结合第一、二句可知资本市场为工商企业、政府、地方政府提供中长期融资，进一步推导得出工商业企业的融资需求可以通过资本市场满足。
单选题 Nowadays a private business usually obtains its working capital through a commercial bank.
【正确答案】 B
【答案解析】第三句话指出Private sector firms borrow...even fir the working capital requirements.意为货币市场代替了银行为企业运营资金的功能，银行作为中介人，在这业务上也处于收缩状态。
单选题 In the UK commercial banks often raise funds by issuing bonds and stocks.
【正确答案】 C
【答案解析】文中最后一句仅说The main market place for lending and borrowing medium and long-term capital in the UK is the Stock Exchange in London.，并没有提及英国商业银行常常通过发行股票和债券进行融资(raise funds)。