1. The difference between a bond and a stock is that stocks are shares that represent ownership in a company, and bonds are a form of long-term debt where you invest your money (essentially, a business loans money FROM you and promises to pay it back by a certain date). You should see a sizable return at the end of a bond's maturity date.
2. What makes a mutual fund an attractive investing option is that it is a diversified portfolio of different investments, such as bonds and stock. Since it is more spread out there is less overall risk.
3. A commercial bank differs from a Savings and Loan (S&L) association because S&L associations are more focused on residential mortgage, whereas commercial banks work more with large businesses.
4. A commercial bank differs from a credit union because most credit unions are not-for-profit establishments with their earnings paid back in the form of lower loan rates and higher savings rates. Commercial banks are for-profit and whatever they earn are paid back to stockholders only.
238 years it started on July 26, 1775 to now
The famous cloud gate sculpture is found in which Chicago park? It is found in, Millennium Park.
