In 1997 David Bowie raised $55 million by selling investors securities backed by the royalties of 25 of his albums. The so-called “Bowie Bonds” had a 7.9% return over 10 years, higher than the 6.37 percent of a 10-year U.S. Treasury note.

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6 Questions About the History of Money and Banking Answered

Earlier versions of these questions and answers first appeared in The Handy Personal Finance Answer Book by Paul A. Tucci (2012). list, finance, history, banks, money, spending, saving, coins The English word money first appeared in the 14th century. It was derived from the Latin word moneta, a