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  3. Large companies need a way to reach the savings of the public at large. There can be few prospect of raising the sort of sums ne

Large companies need a way to reach the savings of the public at large. There can be few prospect of raising the sort of sums ne

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问题     Large companies need a way to reach the savings of the public
at large. There can be few prospect of raising the sort of sums needed【M1】______
from friends and people we know, and while banks may agree to
provide short-term finance, they are generally willing to provide【M2】______
money on a permanent basis for long-term projects. So companies turn
over public, inviting people to lend them money, or take a share in the【M3】______
business to exchange for a share in future profits. They do so with【M4】______
issuing stocks and shares in the business through The Stock Exchange.
By doing so they can put into circulation the saving of individuals【M5】______
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 of, he sells his shares through a【M6】______
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 function.【M7】______
All these require continuous spending in new equipment and new【M8】______
development if they are to serve us properly, requiring less money【M9】______
than is raised through taxes alone. The government, local authorities,
and nationalized industries, however, frequently needed to borrow【M10】______
money to finance major capital spending, and they, too, come to
The Stock Exchange.
【M6】
选项
答案of→去掉of
解析 词汇错误。处于句首表示“而是”之义时用instead，instead of后接名词或代词，意为“代替”。
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