In your own words, you are required to write an explanation of what stocks are. This is a one-page write-up. You are to explain in your own words what stocks are to someone that is not familiar with the stock market (say a younger brother or sister). Number each of the 3 parts of this paper as follows:

1. What are stocks?

2. Why do people invest in the stock market?

3. Why does the value of stocks change?