Briefly differentiate between a commercial bank and a consumer finance company. What is the most significant difference between these two?

Speculate on why you think a finance company is in a better position to offer credit cards than a commercial bank.

Identify one expense of a mutual fund and briefly explain why management charges this fee. Why might investors be concerned with this fee?

In what way does a change in the risk-free rate affect a bond mutual fund?

Based on your understanding of mutual funds, would you favor a mutual fund of mutual funds or not? Why?

Briefly differentiate an exchange-traded fund from a mutual fund. Which would you select and why?