首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
There are spectacular differences between financial markets on the Continent of Europe on the one hand, and in Britain on the ot
There are spectacular differences between financial markets on the Continent of Europe on the one hand, and in Britain on the ot
admin
2011-01-04
103
问题
There are spectacular differences between financial markets on the Continent of Europe on the one hand, and in Britain on the other hand. In Britain, the market is really the City of London. It is a free market, and it controls most of the flow of savings to investment. On the Continent, either a few banks or government institutions dominate the money markets. In France and Italy, for example, government officials direct the flow of funds to suit their economic plans. In Germany the flow is directed by the all-powerful banks. In Britain there are more free interplay of market forces and far fewer regulations, rules and "red tape". A French banker summed it up this way: "On the Continent you can’t do anything unless you’ve been told you can; in England on the other hand you can do everything as long as you haven’t been told not to. "
There are many basic reasons for these differences. One is that Continental savers tend to prefer gold, cash or short-term assets. They invest only 10% of their savings in institutions like pension funds or insurance companies. But in Britain 50% of saving goes to them, and they, in turn, invest directly in equity market. A far lower proportion of savings is put in the banks in the form of liquid assets than on the Continent. Continental governments intervene directly or through the banks to collect savings together and transform them into medium or long-term loans for investment. The equity market is largely bypassed. On the Continent economic planning tends to be far more centralized than in Britain. In Britain it is possible to influence decisions affecting the country’s economy from within the City. It attracts skilled and highly qualified work force. In France, on the other hand, an intelligent young man who wants a career in finance would probably find the civil service more attractive.
In Britain the market, or more accurately, money tends to be regarded as an end in itself. On the Continent it is regarded as a means to an end; investment in the economy. To British eyes continental systems with the possible exception of the Dutch seem slow and inef-ficient. But there is one outstanding fact the City should not overlook, British’s growth rates and levels of investment over the last ten years have been much lower than on the Continent. There are many reasons for this, but the City must take part of the blame. If it is accepted that the basic function of a financial market is to supply industry and commerce with finance in order to achieve desired rates of growth, it can be said that by concentrating oil the market for its own sake the City has tended to forget that basic function.
What is the best title for the passage?
选项
A、Savings and the Growth Rate.
B、Banking and Finance: Two Different Realities.
C、Monetary Policy in Britain.
D、The European Continent and Britain.
答案
B
解析
通读全文可知四个选项中最适合本文的标题是Banking and Finance:Two Different Realities.因为全文一直在谈论英国和欧洲大陆在金融市场方面的种种不同。本题的正确答案为B。
转载请注明原文地址:https://kaotiyun.com/show/t0HO777K
0
在职攻硕英语联考
相关试题推荐
(北京航空航天大学2016年试题)Thefrontmatterofabookconsistsofthetitle,subtitle,tableofcontents,andpreface.Butthe【C1】____
(浙江大学2009年试题)Teachersneedtobeawareoftheemotional,intellectual,andphysicalchangesthatyoungadultsexperience,a
(浙江大学2008年试题)Sincetheearly1930s,Swissbankshadpridedthemselvesontheirsystemofbankingsecrecyandnumberedaccou
Nobodyinthecompanypaysattentiontohisopinion,becausewhathehassaidisalwaysmere______.
Thewaythatpeoplespendtheirmoney,andtheobjectsonwhichtheyspendit,arethelastareaswherefreechoiceandindividu
Thedifferencebetweenaliquidandagasisobvious【C1】______theconditionsoftemperatureandpressurecommonlyfoundatthes
Consumersandproducersobviouslymakedecisionsthatmoldtheeconomy,butthereisathirdmajor【C1】______toconsidertherole
Welisteneddumb-struck,fullof______,totheshockingdetailsofthecorruptionofthepresidentofthecompany.
Theoldbeliefthattheuniverseneverchangesisquitewrong.Evenbeforetheinventionofthetelescope,astronomersnoticedt
Bartendersarerarelyshyaboutofferinganopinion.ButonarecenteveningattheFinboroughWineCafe,inbetweenpoursofBe
随机试题
()是公元前1世纪至公元7世纪在中国东北地区和朝鲜半岛存在的一个民族政权,与百济、新罗合称“朝鲜三国时代”。
Thereisadefinitepossibilitythattheclimateoftheworldmaybechanging.Somescientistsimaginethatthiscouldevenmean
观察“虚里”变化,以了解其盛衰的是
下列关于协议管辖的说法中,正确的是:()
依据我国的刑法、组织法和其他有关法律、法规的规定,()是我国最高的行政立法主体,具有以职权立法的权力和依最高国家权力机关和法律授权立法的权力。
违反会计法律制度规定行为应承担的法律责任包括( )。
在建设物流信息系统时,应充分考虑企业未来的管理及业务发展的需求,以便在原有系统基础上建立更高层次的管理模块。物流信息系统的这种特性称为()。
心理学家陆钦斯的“量水实验”证明的迁移理论是()。
社会发展的最终决定力量是()。
在Access中,报表设计分页符以______标志显示在报表的左边界上。
最新回复
(
0
)