Which one of the following statements expresses the difference between the capital market and the money market?

a. The capital market involves long-term financial instruments whereas the money market involves short-term financial instruments.

b. The capital market refers to the preference share market whereas the money market refers to the short-term market.

c. The capital market refers to the short-term market whereas the money market refers to the long-term market.

d. The capital market refers to the treasury market whereas the money market refers to the short-term market.