Question

Large companies need a way to reach the savings of the public at large. The same problem, on a smaller scale(小規(guī)模地), 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(資金), 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(股份) in the business in exchange for a share in future interests. This they do by issuing(發(fā)行) stocks(股票) and shares in the business through the Stock Exchange. By doing so they can put into circulation(流通) the savings of single persons and institutions, both at home and abroad.

When the saver(儲(chǔ)蓄者) 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(證券經(jīng)紀(jì)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 organizations. Without hospitals, roads, electricity, telephones and railways, this country could not work. All these require continuous spending on new equipment and new development if they are to serve us properly, requiring more money than it is raised through taxes alone. The government, local organizations and nationalized industries therefore frequently need to borrow money to finance(給…提供資金) 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 his 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.

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

A. exchanged for part ownership in the Stock Exchange

B. raised by the selling of shares in the companies

C. repaid to its original owners as soon as possible

D. invested in different companies in the Stock Exchange

All the basic services on which we depend are _______.

A. unable to provide for the needs of the population

B. financed wholly by rates and taxes

C. in constant need of financial support

D. run by the government or local organizations

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

The underlined word invest probably means _______.

A. give more money with            B. provide less money with

C. borrow less money with           D. make more money with

Answer 1

【小題1】B

【小題2】C

【小題3】D

【小題4】D

解析:

本文分析了股票產(chǎn)生的根源及它的好處。

【小題1】細(xì)節(jié)題。根據(jù) This they do by issuing stocks and shares in the business through the Stock Exchange 可知那些公司運(yùn)行的方法是通過出售股票來籌資，故選 B。

【小題2】細(xì)節(jié)題。根據(jù)第 3 段的內(nèi)容及關(guān)鍵句The government, local organizations and nationalized industries therefore frequently need to borrow money to finance major capital spending, and they, too, come to the Stock Exchange 可知所有的基礎(chǔ)設(shè)施也不斷需要金融資助，故選 C。

【小題3】細(xì)節(jié)題。根據(jù) 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. The Stock Exchange exists to provide a channel through which these savings can reach those who need finance 可知股票交易所能為政府、當(dāng)?shù)亟M織及國家產(chǎn)業(yè)提供新的發(fā)展而需要的資金，故選 D。

【小題4】詞義猜測(cè)題。根據(jù) Instead he sells his shares through a stockbroker to some other saver who is seeking to invest his money 這句話可推知原來股票持有者只有通過股票交易所把股票賣給那些尋找賺錢的人，由此得知 D 為正確答案。