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  3. Large companies need a way to reach the savings of the public at large. The

Large companies need a way to reach the savings of the public at large. The

游客2024-02-28  69
问题     Large companies need a way to reach the savings of the public at large. The same problem, on a smaller【B1】______, faces practically every company trying to develop new products and create new jobs. There can be little chance of raising the sort of【B2】______  needed from friends and people we know, and【B3】______  banks may agree to provide short-term finance, they are generally【B4】______to provide money on a【B5】______  basis for long-term projects. So companies turn to the public,【B6】______people to lend them money, or take a share in the business in exchange for a share in future profits. This they do by【B7】______  stocks and shares in the business through the Stock Exchange. By doing so they can put into【B8】______  the savings of individuals both at home and overseas.
  【B9】______. Instead, he sells his shares through a stockbroker to some other saver who is seeking to invest his money.
  【B10】______. Without hospitals, roads, electricity, telephones, equipment and new development of these services, we can hardly improve our working and living conditions, nor can we develop the economics of the country;【B11】______. 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. [br] 【B1】
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