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.There can be little hope of raising the money needed from friends and people we know,and while banks may agree to provide short-term finance,they are generally unwilling to provide money 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 interests.They do this by issuing stocks and shares in the business through the Stock Exchange.By doing so they can put into circulation the savings of single persons and institutions,both at home and abroad.

When the saver needs his money back,he does not have to go to the company with whom 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 organizations.Without hospitals, roads, electricity, telephones, railways,this country could not work.All these require continuous spending on new equipment and new development if they are to serve us properly,frequently need to borrow money to finance major capital spending,and they,too,come to the Stock Exchange.

These is hardly a man or woman in this country 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 saving can reach those who need finance.

1.The money which enables these companies to go ahead with their projects is _____.

A.exchanged for part ownership in the Stock Exchange

B.financed wholly by rates and taxes

C.repaid to its original owners as soon as ?possible?

D.invested in different companies on the Stock Exchange

2.All the basic services on which we depend are _____.

A unable to provide for the needs

B.financed wholly by rates and taxes

C.in constant need of financial support

D.run by the government or our local organizations

3.The Stock Exchange makes it possible for the government,local organizations and nationalized industries _____.

A.to make certain everybody saves money

B.to borrow as much money as they wish

C.to make certain everybody lends money to them

D.to raise money to finance new development

4.The underlined word “invest”here probably means _____.?

A.lose more money with

B.provide less money with

C.borrow less money with

D.buy shares in order to make a profit

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 to some other saver who is seeking to invest his money. 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.

　　  1. Generally speaking, those companies involved in new production and long-term project must——.

　　　　  A. borrow large sum of money from friends and people they know

　　　　  B. depend on the population as a whole for finance

　　　　  C. ask the banks to lend them the money

　　　　  D. rely on their own financial resources

　　 2. When the savers want their money back they_

　　　　  A. go to the company with whom they originally placed their money and sell their shares

　　　　  B. ask another company to obtain their shares

　　　　  C. put their shares back on the market

　　　　  D. sell their shares to some' other savers directly

　　 3. According to the passage, if a government needs money for capital construction, it——

　　　　  A. always depends on bank loans

　　　　  B. usually asks the public at large to pay taxes

　　　　  C. also regards The Stock Exchange as the finance resources

　　　　  D. generally borrows money from individuals and institutions both at home and abroad

　　 4. The Stock Exchange exists——.

　　　　  A. to provide for any needy companies

　　　　  B. to raise money for governments only

　　　　  C. because it is useful to new development

　　　　  D. because the people are rich and have much savings

Large companies need a way to reach the saving 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. There can be little prospect of raising the sort of sums needed from friends and people we know, and 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 of 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 to some other saver who is seeking to invest his money. 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.

　　  1. Generally speaking, those companies involved in new production and long-term project must——.

　　　　  A. borrow large sum of money from friends and people they know

　　　　  B. depend on the population as a whole for finance

　　　　  C. ask the banks to lend them the money

　　　　  D. rely on their own financial resources

　　 2. When the savers want their money back they_

　　　　  A. go to the company with whom they originally placed their money and sell their shares

　　　　  B. ask another company to obtain their shares

　　　　  C. put their shares back on the market

　　　　  D. sell their shares to some' other savers directly

　　 3. According to the passage, if a government needs money for capital construction, it——

　　　　  A. always depends on bank loans

　　　　  B. usually asks the public at large to pay taxes

　　　　  C. also regards The Stock Exchange as the finance resources

　　　　  D. generally borrows money from individuals and institutions both at home and abroad

　　 4. The Stock Exchange exists——.

　　　　  A. to provide for any needy companies

　　　　  B. to raise money for governments only

　　　　  C. because it is useful to new development

　　　　  D. because the people are rich and have much savings

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, and while banks may agree to provide short-term finance, they are generally unwilling to provide money on the 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 through the Stock Exchange. By doing so, they can put the saving of individuals and institutions into circulation 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（股票经纪人） 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 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, the 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.

51. Almost all companies involved in new production and development most        .

A. rely on their own resources

B. persuade the banks to provide long-term finance

C. borrow large sums of money from friends and people they know

D. depend on the population as a whole for finance

52. The money which enables these companies to go ahead with their projects is        .

A. repaid to its original owners as soon as possible

B. raised by selling of shares in the companies

C. exchanged for the ownership in the Stock Exchange

D. invested in different companies in the Stock Exchange

53. When the savers want their money back they should          .

A. ask another company to obtain their money for them

B. look for other people to borrow money from

C. put their shares in the company back on the market

D. transfer their money to a more successful company

54. All the essential services on which we depend are         .

A. run by the government or our local authorities

B. in constant need of financial support

C. financed wholly by raising taxes

D. unable to provide for the needs of the population

55. The Stock Exchange makes it possible for the government, local authorities and nationalized industries         .

A.    to borrow as much money as they wish

B.    to make certain everybody saves money

C.    to raise money to finance new development

D.    to make certain everybody lends money to them.

       Large companies need a way to reach the saving 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. There can be little prospect of raising the sort of sums needed from friends and people we know, and 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 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 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.

1) Almost all companies involved in new production and development must _____________.

  A) rely on their own financial resources

  B) persuade the banks to provide long-term finance

  C) borrow large sums of money from friends and people they know

  D) depend on the population as a whole for finance

2) The money which enables these companies to go ahead with their projects is _________.

  A) repaid to its original owners as soon as possible

  B) raised by the selling of shares in the companies

  C) exchanged for part ownership in The Stock Exchange

  D) invested in different companies on The Stock Exchange

3) When the savings want their money back they ________________________.

  A) ask another company to obtain their money for them

  B) look for other people to borrow money from

  C) put their shares in the company back on the market

  D) transfer their money to more successful company

4) All the essential services on which we depend are _____________________.

  A) run by the Government or our local authorities

  B) in constant need of financial support

  C) financed wholly by rates and taxes

  D) unable to provide for the needs of the population

5) The Stock Exchange makes it possible for the Government local authorities and nationalized industries __________________________.

A) to borrow as much money as they wish

B) to make certain everybody save money

C) to raise money to finance new developments

D) to make certain everybody lend money to them