Large companies need a way to reach the savings of the public at large. The same problem, on a smaller__1__, faces practically every company trying to __2__ 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 __3__ to provide money on a permanent basis for long-term projects. So companies turn to public, inviting people to lend them money, or take a share in the business in __4__ for a share in future profits. This they do by __5__ stocks and shares in the business through the Stock Exchange. By doing so they can put into circulation the savings of __6__ and organizations, 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. __7__, he sells his shares through a stockbroker to some other saver who is seeking to __8__ his money.
Many of the __9__ needed both by industry and by each of us are provided by the government or by local authorities. Without hospitals, electricity, telephones, railways, this country could not __10__. All these require __11__ spending on new equipment and new development if they are to serve us properly, requiring more money than is raised through taxes alone. The government, local authorities, and nationalized industries __12__ frequently need to borrow money to finance major capital spending, and they, too, come to the Stock Exchange.
There is __13__ a man or woman in this country whose job or whose standard of living does not __14__ the ability of his or her employers to raise money to finance new development. In one way or another this new money must come from the savings of the country. The Stock Exchange __15_ to provide a channel through which these savings can reach those who need finance.
1. A．level B．extent C．scale D．basis
2. A．programme B．provide C．develop D．prepare
3. A．unexpected B．unwilling C．unbelievable D．uncertain
4. A．search B．exchange C．value D．comfort
5. A．issuing B．allowing C．producing D．acquiring
6. A．immigrants B．investigators C．inheritors D．individuals
7. A．Indeed B．In fact C．In addition D．Instead
8. A．eliminate B．reflect C．invest D．profit
9. A．properties B．appliances C．foundations D．services
10. A．function B．experience C．share D．launch
11. A．invisible B．continuous C．limited D．economical
12. A．therefore B．however C．nevertheless D．otherwise
13. A．definitely B．almost C．hardly D．probably
14. A．turn down B．depend on C．take over D．put off
15. A．releases B．forces C．leaves D．exists
Complete the following passage by using the words in the box. Each word can only be used once. Note that there is one word more than you need.
A. concentrated B. possible C. revised D. applications E. figures
F. connect G. benefits H. global I. contribute J. tops
More than two million people in Europe now have fiberbroadband（光纤宽带）direct to their home, suggests a survey. The latest __1__ on superfast broadband delivered by fiber to the home (FTTH) show 18% growth over the last survey compiled in late 2008.
The continued growth suggests that the __2__ economic decline has not hit plans to build fiber networks. Sweden __3__ the list of nations applying the technology, with 10.9% of its broadband customers using fiber. Karel Helsen, president of Europe’s Fiber-To-The-Home Council, said the growth matched predictions that were __4__ when the credit crisis started to make itself felt. “The numbers in 2009 are in line with the latest forecasts,” said Mr. Helsen.
By 2012, the FTTH Council expects that 13 million people across 35 European nations will have their broadband delivered by fiber. Such services would start at a speed of 100 megabits per second (mbps), said Mr. Helsen. Around Europe more than 233 projects were underway to lay the fibers that would __5__ homes or buildings to the net, said Mr. Helsen. Many of those, he said, were being operated by local governments or smaller net firms. Local governments were interested in FTTH because of the economic and social __6__ it brought in its wake, said Mr. Helsen.
The low delay in high-speed fiber networks made __7__ new uses of broadband, he said. “No delay is very important,” he said, “specifically if you talk about __8__ that are time-dependent such as personal communications, conference calls or video calls where delays cause a lot of trouble.” While early FTTH services were __9__ in cities, said Mr. Helsen, many more were reaching out to rural areas for e-health and e-learning projects.
BrainPOP is an educational program consisting of brief animated videos _____ a man named Tim and his robot friend Moby discuss various subjects.
A．in which B．which C．as D．in that
Not until 2012 _____ to a Chinese writer for the first time.
A．the Nobel Prize in literature was awarded
B．was awarded the Nobel Prize in literature
C．was the Nobel Prize in literature awarded
D．the Nobel Prize was awarded in literature
Every time Gina catches her employees _____ time, she reminds them that time is money.
A．to waste B．wasting C．wasted D．waste
They will pay a visit to Europe in a couple of years _____ they have enough money.
A．for fear that B．on condition that C．even though D．as well as
