商务英语综合教程下册课件房玉靖主编 ISBN9787810789707Unit 8 International Stock Exchange of UK.pptVIP

Unit Eight Introduction Stock exchange is a most important part of the capital market, because, if such an institution did not exist, it would be much more difficult for firms to raise money by selling shares and for governments to borrow by selling securities. Text 1 Stock exchange is a most important part of the capital market. Many shares are permanent loans and many debentures and government securities are not repayable for many years after the date of issue. Most people would not be prepared to lend money on these terms. Although they wish to earn income on t