Fred has chosen to invest in a bond. A bond is a type of investment where an investor loans money to a government or corporation in exchange for periodic interest payments and the return of the initial investment (the principal) at maturity.
QUESTION 4/4
Fred has chosen to invest in the form of a loan to the government in exchange for periodic interest payments and the return of the initial investment at maturity. What type of investment has Fred chosen?
stock
bond
CD
mutual fund
1 answer
1 answer