Years ago, your grandfather gave money to a friend who wanted to start a grocery store. As the grocery store earns profits, this friend gives a share of the profits back to your grandfather. Your grandfather has nothing to do with the grocery store, but he still earns money as a silent partner in the business. What type of income is this known as?
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Years ago, your grandfather gave money to a friend who wanted to start a grocery store. As the groce...
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