3.Large companies need a way to reach the savings of the public at large.The same problem,on a smaller(50)C,faces practically every company trying to(51)Cnew 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 (52)Bto provide money on a permanent basis for long-term projects.So companies turn to public,inviting people to lend them money,or take a share in the business in (53)Bfor a share in future profits.This they do by (54)Astocks and shares in the business through the Stock Exchange.By doing so they can put into circulation the savings of (55)Dand organizations,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.(56)D,he sells his shares through a stockbroker to some other saver who is seeking to (57)Chis money.
Many of the (58)Dneeded both by industry and by each of us are provided by the government or by local authorities.Without hospitals,electricity,telephones,railways,this country could not (59)A.All these require (60)Bspending 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 (61)A frequently need to borrow money to finance major capital spending,and they,too,come to the Stock Exchange.
There is(62)C a man or woman in this country whose job or whose standard of living does not (63)Bthe 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 (64)D to provide a channel through which these savings can reach those who need finance.
0 138260 138268 138274 138278 138284 138286 138290 138296 138298 138304 138310 138314 138316 138320 138326 138328 138334 138338 138340 138344 138346 138350 138352 138354 138355 138356 138358 138359 138360 138362 138364 138368 138370 138374 138376 138380 138386 138388 138394 138398 138400 138404 138410 138416 138418 138424 138428 138430 138436 138440 138446 138454 151629
When the saver needs his money back,he does not have to go to the company with whom he originally placed it.(56)D,he sells his shares through a stockbroker to some other saver who is seeking to (57)Chis money.
Many of the (58)Dneeded both by industry and by each of us are provided by the government or by local authorities.Without hospitals,electricity,telephones,railways,this country could not (59)A.All these require (60)Bspending 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 (61)A frequently need to borrow money to finance major capital spending,and they,too,come to the Stock Exchange.
There is(62)C a man or woman in this country whose job or whose standard of living does not (63)Bthe 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 (64)D to provide a channel through which these savings can reach those who need finance.
50.A.level | B.extent | C.scale | D.basis |
51.A.programme | B.provide | C.develop | D.prepare |
52.A.unexpected | B.unwilling | C.unbelievable | D.uncertain |
53.A.search | B.exchange | C.value | D.comfort |
54.A.issuing | B.allowing | C.producing | D.acquiring |
55.A.immigrants | B.investigators | C.inheritors | D.individuals |
56.A.Indeed | B.In fact | C.In addition | D.Instead |
57.A.eliminate | B.reflect | C.invest | D.profit |
58.A.properties | B.appliances | C.foundations | D.services |
59.A.function | B.experience | C.share | D.launch |
60.A.invisible | B.continuous | C.limited | D.economical |
61.A.therefore | B.however | C.nevertheless | D.otherwise |
62.A.definitely | B.almost | C.hardly | D.probably |
63.A.turn down | B.depend on | C.take over | D.put off |
64.A.releases | B.forces | C.leaves | D.exists |