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育龙网核心提示: Passage1Largecompaniesneedawaytoreachthesavingsofthepublicatlarge。Thesameproblem,onasmallerscale,facespracticallyeveryco

Passage1
Largecompaniesneedawaytoreachthesavingsofthepublicatlarge。Thesameproblem,onasmallerscale,facespracticallyeverycompanytryingtodevelopnewproductsandcreatenewjobs。Therecanbelittleprospectofraisingthesortofsumsneededfromfriendsandpeopleweknow,andwhilebanksmayagreetoprovideshort-termfinance,theyaregenerallyunwillingtoprovidemoneyonapermanentbasisforlong-termprojects。Socompaniesturntopublic,invitingpeopletolendthemmoney,ortakeashareinthebusinessinexchangeforashareinfutureprofits。ThistheydobyissuingstocksandsharesinthebusinessthroughTheStockExchange。Bydoingsotheycanputintocirculationthesavingsofindividualsandinstitution,bothathomeandoverseas。Whenthesaverneedshismoneyback,hedoesnothavetogotothecompanywihtwhomheoriginallyplacedit。Instead,hesellshissharesthroughastockbrokertosomeothersaverwhoisseekingtoinvesthismoney。
ManyoftheservicesneededbothbyindustryandbyeachofusareprovidedbytheGovernmentorbylocalauthorities。Withouthospitals,roads,electricity,telephones,railways,thiscountrycouldnotfunction。Alltheserequirecontinuousspendingonnewequipmentandnewdevelopmentiftheyaretoserveusproperly,requiringmoremoneythanisraisedthroughtaxesalone。Thegovernment,localauthorities,andnationalizedindustriesthereforefrequentlyneededtoborrowmoneytofinancemajorcapitalspending,andthey,too,cometoTheStockExchange。
Thereishardlyamanorwomaninthiscountrywhosejoborwhosestandardoflivingdoesnotdependontheabilityofhisorheremplorerstoraisemoneytofinancenewdevelopment。Inonewayoranotherthisnewmoneymustcomefromthesavingsofthecountry。TheStockExchangeexiststoprovideachannelthroughwhichthesesavingscanreachthosewhoneedfinance。

Almostallcompaniesinvolvedinnewproductionanddevelopmentmust_____。
A)relyintheirownfinancialresourses。
B)persuadethebankstoprovidelong-termfinance。
C)borrowlargesumsofmoneyfromfriendsandpeopleweknow。
D)dependonthepopulationasawholeforfinance。

Themoneywhichenablesthesecompaniestogoaheadwiththeirprojectsis_____。
A)repaidtoitsoriginalownersassoonaspossible。
B)raisedbythesellingofsharesinthecompanies。
C)exchangedforpartownershipinTheStockExchange。
D)investedindifferentcompaniesonTheStockExchange。

whenthesaverswanttheirmoneybackthey_____。
A)askanothercompanytoobtaintheirmoneyforthem。
B)lookforotherpeopletoborrowmoneyfrom。
C)puttheirsharesinthecompanybackonthemarket。
D)transfertheirmoneytoamoresuccessfulcompany。

Alltheessentialservicesonwhichwedependare_____。
A)runbytheGovernmentorourlocalauthorities。