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

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

admin2009-04-23  35
问题     Large companies need a way to reach the savings of the public at large. The same problem, on a small 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. 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 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 stock-broker 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 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.
选项 A、persuade the banks to provide long-term finance
B、rely on their own financial resources
C、borrow large sums of money from friends and relatives
D、depend on the pubic as a way for finance
答案D
解析 细节题。根据develop new products and create new jobs定位于第一段第二句话。开头第二句说almost all companies 都面临着the same problem，这里的problem 指的就是第一句话中说的需要a way to reach the savings of the public at large。D与此完全相符。A内容文中未涉及，可直接排除。B、C内容与原文意思相反。
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