Large companies need a way to reach the savings of the public at large. The (1)_____ problem, or a small scale, faces (2)_____ every company trying to develop new products and create new jobs. There can be little prospect of (3)_____ the sums needed from friends and people we know. And (4)_____ banks may agree to provide short-term finance. They are generally unwilling to provide money on a (5)_____ basis for long-term (6)_____. So companies (7)_____ the public, inviting people to lend them money, or take a share in future profits. This they do by (8)_____ stocks and shares of their business in a stock (9)_____. By doing so they can (10)_____ and use the savings of individuals and institutions, both at home and overseas, when the inventor needs his money back, he does not have to go the company with whom he (11)_____ placed it. (12)_____, he sells his shares through a (13)_____ to some other person who is seeking to invest his money, many of the services needed (14)_____ by industry and by each of us are provided by the government or by local (15)_____ Without hospitals, roads, electricity, telephones, railways, etc, this country could not (16)_____. All these require continuous spending on new equipment and new development if they are to serve us properly, requiring more money that is raised through taxes alone. The government, local authorities, and nationalized industries (17)_____ frequently need to borrow money to (18)_____ major capital spending, and they, too, come to a stock exchange. There is hardly a man or woman in this country (19)_____ job and 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 investment funds of the country. Stock exchanges exist to provide a (20)_____ through which these funds can reach those who need financing.