The correct answer is: C. capital markets.
Capital markets are markets for long-term debt or equity-based financial instruments. They include the bond market, the stock market, and the market for derivatives.
Liquid markets are markets in which assets can be bought and sold quickly and easily at a fair price.
Short-term markets are markets for financial instruments with maturities of less than one year.
Money markets are markets for short-term debt instruments, such as Treasury bills and commercial paper.
Capital markets are different from liquid markets, short-term markets, and money markets in that they deal with long-term financial instruments. Long-term financial instruments are those with maturities of more than one year. Capital markets are important because they provide a way for businesses to raise money for long-term projects, such as building new factories or developing new products.