题目
A bond market in which a communications network matches buy and sell orders initiated from various locations is best described as an:
选项
A.organized exchange.
B.open market operation.
C.over-the-counter market.
答案
C
解析
： C is correct. In over-the-counter (OTC) markets, buy and sell orders are initiated from various locations and then matched through a communications network. Most bonds are traded in OTC markets. A is incorrect because on organized exchanges, buy and sell orders may come from anywhere, but the transactions must take place at the exchange according to the rules imposed by the exchange. B is incorrect because open market operations refer to central bank activities in secondary bond markets. Central banks buy and sell bonds, usually sovereign bonds issued by the national government, as a means to implement monetary policy. ： C是正确的。在场外交易（OTC）市场中，买卖订单从不同的地点发出，然后通过通信网络进行匹配。大多数债券在场外交易市场交易。 A是不正确的，因为在有组织的交易所，买卖指令可能来自任何地方，但交易必须在交易所根据交易所规定的规则进行。 B是不正确的，因为公开市场操作是指中央银行在二级债券市场的活动。中央银行买卖债券，通常是国家政府发行的主权债券，作为实施货币政策的手段。