The text is primarily concerned with discussing
A. how to date girl friends
B. how to keep fit
C. how to go on a diet
D. how to stay slim
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The sentence "The genetic genie is out of the bottle. " in Para. 2 probably means
A. the genetic genie, the key technology in producing genetically modified foods, is out in the market
B. the genetic technology has come out of laboratories into markets
C. genetically modified foods are available everywhere
D. technology with which to produce genetically modified foods may have powers unpredictable or uncontrollable by man
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.
What is the best title for the passage?
A. Savings and the Growth Rate.
Banking and Finance: Two Different Realities.
C. Monetary Policy in Britain.
D. The European Continent and Britain.
A university education aims at raising the intellectual tone of society, at______national
A. certifying
B. quantifying
C. verifying
D. purifying
In what way does the Continental system seem better?
A. The Continent maintains a higher growth rate and levels of investment.
B. It has less proportions of savings in the form. of liquid assets.
C. It attracts intelligent young men.
D. It functions properly despite the fact that the British discount it.