So what banks offer is liquidity -the ability to borrow short even though the loans that are made are long-term.

而银行就提供了流动性,即接受短期存款,但可以发放长期贷款的能力

耶鲁公开课 - 金融市场课程节选

Liquidity is that banks lend long and borrow short -short-term, I mean.

流动性是指银行贷长借短,短是指短期

耶鲁公开课 - 金融市场课程节选