Question: Explain the difference between the followings 1) Direct and indirect investing 2) Investment and speculation. 3) Closed-end funds and open-end funds. 4) Money market and

Explain the difference between the followings 1) Direct and indirect investing 2) Investment and speculation. 3) Closed-end funds and open-end funds. 4) Money market and capital market; 5) Primary market and secondary market. 6) Historical returns and expected returns. 7) Bearish and Bullish market. 8) Initial Public offerings and stock index

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