填空题
短文1(12.5分)
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. 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 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 needed to borrow money to finance major capital spending, and they, too, come to The Stock Exchange.
填空题
What must almost all companies involved in new production and development depend on according to the passage?
填空题
How is the money which enables these companies to go ahead with their projects raised?
填空题
What do the savers do when they want their money back?
填空题
In what conditions are all the essential services on which we depend?
填空题
Why do companies invite people to lend money to them or take a share in the business?