首页
登录
职称英语
There are spectacular differences between financial markets on the Continent
There are spectacular differences between financial markets on the Continent
游客
2025-03-25
16
管理
问题
There are spectacular differences between financial markets on the Continent of Europe on the one hand, and in Britain on the other hand. In Britain, the market is really the City of London. It is a free market, and it controls most of the flow of savings to investment. On the Continent, either a few banks or government institutions dominate the money markets. In France and Italy, for example, government officials direct the flow of funds to suit their economic plans. In Germany the flow is directed by the all-powerful banks. In Britain there are more free interplay of market forces and far fewer regulations, rules and "red tape". A French banker summed it up this way: "On the Continent you can’t do anything unless you’ve been told you can; in England on the other hand you can do everything as long as you haven’t been told not to. "
There are many basic reasons for these differences. One is that Continental savers tend to prefer gold, cash or short-term assets. They invest only 10% of their savings in institutions like pension funds or insurance companies. But in Britain 50% of saving goes to them, and they, in turn, invest directly in equity market. A far lower proportion of savings is put in the banks in the form of liquid assets than on the Continent. Continental governments intervene directly or through the banks to collect savings together and transform them into medium or long-term loans for investment. The equity market is largely bypassed. On the Continent economic planning tends to be far more centralized than in Britain. In Britain it is possible to influence decisions affecting the country’s economy from within the City. It attracts skilled and highly qualified work force. In France, on the other hand, an intelligent young man who wants a career in finance would probably find the civil service more attractive.
In Britain the market, or more accurately, money tends to be regarded as an end in itself. On the Continent it is regarded as a means to an end; investment in the economy. To British eyes continental systems with the possible exception of the Dutch seem slow and inef-ficient. But there is one outstanding fact the City should not overlook, British’s growth rates and levels of investment over the last ten years have been much lower than on the Continent. There are many reasons for this, but the City must take part of the blame. If it is accepted that the basic function of a financial market is to supply industry and commerce with finance in order to achieve desired rates of growth, it can be said that by concentrating oil the market for its own sake the City has tended to forget that basic function. [br] According to the passage, the Dutch way of finance and banking______.
选项
A、is similar to that of the French
B、makes no difference whatever system it is compared to
C、is perhaps resembling that of the British
D、has a low efficiency
答案
C
解析
仔细阅读并分析文章最后一段的第三句话可知本题的正确答案为C。the Dutch讲到:在英国人眼里看来,荷兰不像欧洲大陆一样慢节奏、低效率,换言之,荷兰与英国相似。
转载请注明原文地址:https://tihaiku.com/zcyy/4012212.html
相关试题推荐
Althoughthetwocompaniestalkedabouthowlittlethereisbetweenthem,theys
TherearespectaculardifferencesbetweenfinancialmarketsontheContinent
TherearespectaculardifferencesbetweenfinancialmarketsontheContinent
BiosphereIIwasaspectacularfailure.Thegleamingglass-and-concretehabi
BiosphereIIwasaspectacularfailure.Thegleamingglass-and-concretehabi
BiosphereIIwasaspectacularfailure.Thegleamingglass-and-concretehabi
Tosurviveintheintensetradecompetitionbetweencountries,wemust______the
______receivingfinancialsupportfromfamily,communityorthegovernmentisa
Thegovernmentistryingtodosomethingto______betterunderstandingbetween
Insomeways,theUnitedStateshasmadespectacularprogress.Firesnolong
随机试题
Iwas13whenBenjicameintoourlives.Withhisdeepbrowneyes,floppyea
"Shetakes______herfatherclosely,saidthesurprisedneighborwhohasnots
检疫期确定是根据该传染病的( )。A.隔离期 B.传染期 C.最长潜伏期
A.镇静催眠药B.胆碱受体拮抗剂C.胆碱受体激动剂D.肾上腺素受体拮抗剂E.肾上
共用题干 男婴,7个月,近两个月来肤色苍白,食欲减退入院。生后一直人工喂养,未
关于急性呼吸衰竭的描述,下列哪项是错误的A.各种累及呼吸中枢或呼吸器官的疾病导致
各种运输方式内外部的各个方面的构成和联系,就是( )。 A.运输系统
简述现代企业人力资源管理各个历史发展阶段的特点。
基金评级不只是对基金本身的评价,还可以兼顾到对基金公司投资能力的评价。()
A. B. C. D. E.图中来源于姜科,药用部位为干燥成熟果实的是(
最新回复
(
0
)