Styles Review Questions Chapter 11 1. Explain the difference between investing and speculating. Give an example of each. 4. Why should you look for tax-favored investment strategies? How can these strategies help you attain your goals? Chapter 13 1. Explain how stocks generate returns. Is one form of return preferable over the other? Be sure to consider both liquidity and taxation in your answer. 10. What is the difference between a bear market and a bull market? How can you easily remember the relevant stock price trends when you hear these terms? Chapter 15 1. What is a mutual fund? What makes a mutual fund different from owning stock or bond directly? o hp * 23 % 5 3 4 & 7 6 8 9 E R T P