Question

A state wants to make improvements to highways and proposes that they use bonds rather than federal grant money to pay for the project. What is the difference between bonds and grants?

Answer 1

Such entities include corporations, publicly owned utilities, and state, local, and federal governments. On the other hand, bond funds are mutual funds or exchange-traded funds (ETFs) that are a bundle of bonds. You can think of it this way: a bond fund is like a basket of dozens or hundreds of underlying bonds.

Step-by-step explanation: