Financial institutions in the u. s. economy
suppose clancy would like to invest $1,000 of his savings.
one way of investing is to purchase stock or bonds from a private company.
suppose nanospeck, a biotechnology firm, is selling bonds to raise money for a new lab—a practice known as or
buying a bond issued by nanospeck would give claim to partial ownership in, or an iou promise to pay? )in the firm.
in the event that nanospeck runs into financial difficulty, and the other bondholders, or the stockholers) will be paid first.