通常情况下，通过交易商投放票据的公司无论是公司的规模还是发行的次数都比不上直接票据发行者。

Companies using dealers to place their paper are generally smaller and less frequent borrowers than issuers of direct paper.

youdao

最安全的或许就是美联储的直接贷款了，这些贷款包括美联储担保的商业票据和由人寿保险政策保障的贷款。

Safest are probably the direct loans from the Federal Reserve, the commercial paper that the Fed has guaranteed and the loans that it is likely to make that are secured by life-insurance policies.

youdao

当你排完一叠票据，直接把它放进一个文件夹，做好标签，然后放进盒子。

When you've sorted a pile, put it straight in a folder, label it, and put it in the box.

youdao

That's how paper money got started, as bearer notes, because if you had gold with the goldsmith you could spend the note, at least within the town that you live in where the goldsmith was known and had a reputation.

纸币就以不记名票据的形式出现了,如果你的金子存在金匠那里,你可以直接支出这些票据,至少在你所居住的城镇可以这样做,因为金匠在本地有着并众所周知的信誉

耶鲁公开课 - 金融市场课程节选