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  3. 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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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 prospect 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 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 institution, both at home and overseas. When tile 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 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 needed 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 essential services on which we depend are ______.
选项 A、run by the Government or our local authorities
B、in constant need of financial support
C、financed wholly by rates and taxes
D、unable to provide for the needs of the population
答案A
解析 第二段第一句就指出，许多重要的公共服务都是由国家或地方政府提供的，所以A正确。本段中提到“....frequently needed to borrow money to finance major capital spending...”，即公共服务频繁的需要经济援助，但并不总是这样，所以B不正确。又从“．．． requiring more money than is raised through taxes alone...”可知，仅仅依靠税收是不行的，所以C不正确。D选项明显错误。
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