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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 ev

Large companies need a way to reach the savings of the public at large. The same problem,on a smaller scale,faces practically ev

admin2015-01-09  71
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 permanent basis for long-terra project. So companies turn to the public,inviting people to lend them money,or take a share 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 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 standard of living does not depend on the a-bility of his or her employers to raise money to finance new development. In one way or another this new money must come from savings of the country. The Stock Exchange exists to provide a channel through which these savings can reach those who need finance.
The Stock Exchange makes it possible for the Government,local authorities and nationalized industries ____.
选项 A、to make certain everybody lends money to them
B、to make certain everybody saves money
C、to borrow as much money as they wish
D、to raise money to finance new development
答案D
解析 题目考查证券交易所的功能。第四段“The Government，local authorities，and nationalized indus—tries therefore frequently need to borrow money to finance major capital spending，and they，too，cometo the Stock Exchange．”通过此句话可知，政府、地方当局和国有化工业需要借钱以支持投资，这样，他们也来到证券交易所。据此判断，应选择D。
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