填空题

Large companies need a way to reach the savings of the public at large. The same problem, on a smaller (36) , faces practically every company trying to develop new products and create new jobs. There can be little chance of raising the sort of (37) needed from friends and people we know, and (38) banks may agree to provide short-term finance, they are generally (39) to provide money on a (40) basis for long-term projects. So companies turn to the public, (41) people to lend them money, or take a share in the business in exchange for a share in future profits. This they do by (42) stocks and shares in the business through the Stock Exchange. By doing so they can put into (43) the savings of individuals both at home and overseas. (44) . Instead, he sells his shares through a stockbroker to some other saver who is seeking to invest his money. (45) . 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; (46) . 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.