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 prospect of raising the sort of sum 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 institution, both at home and overseas. When the saver needs his money back, he does not have to go A. borrow large sums of money from friends and people they know B. rely on their own financial resources C. depend on the population as a whole for finance D. persuade the banks to provide them with long-term finance [单项选择] 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 mon
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 [单项选择]
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