2. 外语
  3. [A]local[I]recalling [B]responsible[J]function [C]originally[K]exchange [D]finance[L]overseas [E]issuing[M]preca

[A]local[I]recalling [B]responsible[J]function [C]originally[K]exchange [D]finance[L]overseas [E]issuing[M]preca

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问题     [A]local[I]recalling
    [B]responsible[J]function
    [C]originally[K]exchange
    [D]finance[L]overseas
    [E]issuing[M]precaution
    [F]highly[N]continuous
    [G]permanent[O]scale
    [H]securities
    Large companies need a way to reach the savings of the public at large. The same problem, on a smaller【C1】______, faces practically every company trying to develop new products. There can be little prospect of raising the sum needed from friends, and while banks may agree to provide short-term loan, they are generally unwilling to provide money on a【C2】______basis for long-term projects. So companies turn to the public, inviting people to take a share in the business in【C3】______for a share in future profits. They do this by【C4】______stocks and shares in the business through the Stock Exchange. By doing so they can even put into circulation the【C5】______savings of individuals and institutions abroad.
    When the saver needs his money back, he does not have to go to the company with whom he【C6】______placed it. Instead, he sells his shares through a stockbroker to others.
    Many of the services needed both by industry and by us are provided by the government or by【C7】______authorities. Without hospitals, roads, electricity etc. , this country could not【C8】______. All these require【C9】______spending on new equipment if they are to serve us properly, requiring more money than is raised through taxes alone. The government and nationalized industries therefore need to borrow money to【C10】______major capital spending, and they, too, come to the Stock Exchange. In brief, the Stock Exchange exists to provide a channel through which the savings can reach those who need financial help.
【C7】
选项
答案A
解析 根据介词by和后面的authorities得知，空格处应填入一个形容词，修饰authorities。由下文中的hospitals，roads，electricity etc．可知，这些社会服务一般都是由国家和地方政府提供，所以选[A]local。
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