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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 sum 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 institution, both at home and overseas.
    When the saver needs his money back, he does not have to go to the company with which 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 need both by industry and by each of us are provided by the Government or by local authorities. Hospitals, roads, electricity, telephones, equipment and new development, if they are to serve us properly, require 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 essential services on which we depend are ______.
选项 A、financed wholly by taxes
B、run by the Government or our local authorities
C、unable to provide for the needs of the population
D、in constant need of financial support
答案D
解析 本题是细节题。原文说Hospitals…require more money than is raised through taxes None，排除A选项。除了政府和当局，文中还提到了国有企业，因此不能说所有的基本服务都是由政府和当局提供的，排除B选项。C选项原文未提及，并且不合理。文中说The government，local authorities，and nationalized industries therefore frequently need to borrow money to finance major capital spending…，所以D选项是正确答案。
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