Question

Question a: What is the difference between fiat and commodity money? Which type of money currently...

Question a:

What is the difference between fiat and commodity money? Which type of money currently exists in the United States?

Question b:

Which type of money (fiat or commodity) is Bitcoin? Defend your answer.  

Question c

What is the difference between a debt market and an equity market?  

Question d

What is a derivative instrument?  

Question e

How do derivatives redistribute risk?  

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