Understanding Fixed Income: Introduction
Edna and Jonah sat down for a wonderful meal. Today, they were eating their favorite meat pie. They had just been to the bank where the Financial Adviser had told them about how to invest their money.
“Remember we kept some money in the category of “making money by lending it to someone”?” remembered Edna who was still not sure how it was even possible to give all your money to someone and still make money from it! “We should start investing it”.
“Ah! Interest Rate Products!” exclaimed Jonah who had been studying all the material and trying to figure out everything.
“I don’t even understand what Interest Rate is!” said Edna ruefully. Jonah suggested they go to the bank and find out.