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 possible exception of the Dutch seem slow and inefficient. But there is one outstanding fact the City should not overlook. Britains 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 on the market for its own sake the City has tended to forget that basic function.
1. What is the best title of the passage?
A. Savings and the Growth Rate.
B. Banking and Finance: Two Different Realities.
C. Monetary Policy in Britain.
D. The European Continent and Britain.
2. What seems to be the most fundamental reason for this difference?
A. The British tend to regard money as an end, whereas Continental European consider it a means to an end.
B. The British invest only 10% of their savings in pension funds.
C. On the Continent you cant do anything unless you have been told you can.
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