The right answer is that short-term financing for an MNC is done through the international money market, and medium-term debt financing is done through the international bond market.
An MNC's short-term financing decisions are satisfied in the international money market, while its medium-term debt financing decisions are satisfied in the international bond market. The money market allows for short-term loans which are for periods less than one year. This suits the immediate operational needs of the MNC for liquidity and working capital. On the other hand, the bond market deals with medium-term and long-term financing, providing the MNC with the ability to issue corporate bonds with maturities often beyond one year, which is suitable for funding expansion, major projects, or significant capital expenditures.