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Large companies need a way to reach the savings of the public at large. The same problem, on a smaller scale, faces practically
Large companies need a way to reach the savings of the public at large. The same problem, on a smaller scale, faces practically
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2015-06-23
61
问题
Large companies need a way to reach the savings of the public at large. The same problem, on a smaller scale, faces practically every company trying to develop new products and create new jobs. There can be little of raising the sort of sums needed from friends and people we know, and while banks may agree to provide short-term finance, they are generally unwilling to provide money on a permanent basis for long term projects. So companies turn to the public, inviting people to lend them money, or take a share in the business in exchange for a share in future profits. This they do by issuing stocks and shares in the business through the Stock Exchange. By doing so, they can put into circulation the savings of individuals and institutions, both at home and overseas.
When the saver needs his money back, he does not have to go to the company with whom he originally placed it. Instead, he sells his shares through a stockbroker(证券经纪人)to some other saver who is seeking to invest his money.
Many of the services needed both by industry and by each of us are provided by the government or by local authorities. Without hospitals, roads, electricity, telephones, railways, this country could not function. All these require continuous spending on new equipment and new development if they are to serve us properly, requiring more money than is raised through taxes alone. The government, local authorities, and nationalized industries therefore frequently need to borrow money to finance major capital spending, and they, too, come to the Stock Exchange.
There is hardly a man or woman in this country whose job or whose standard of living does not depend on the ability of his or her employers to raise money to finance new development. In one way or another, this new money must come from the savings of the country. The Stock Exchange exists to provide a channel through which these savings can reach those who need finance.
All the important services which we depend on are______.
选项
A、unable to provide appropriate services to meet the needs of the public
B、in constant need of financial support
C、run by the government or local authorities
D、financed wholly by rates and taxes
答案
B
解析
细节题。第三段第三句提到,所有这些公共服务设施都需要持续的投资来购买新的设备,促进新的发展才能满足公众的需要。故答案为B。
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0
大学英语四级
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