Question: Book https://open.umn.edu/opentextbooks/BookDetail.aspx?bookId=29 (One paragraph will suffice unless otherwise indicated) #1: Explain the difference between wealth and money #2: What is the difference between Fiat and

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https://open.umn.edu/opentextbooks/BookDetail.aspx?bookId=29

(One paragraph will suffice unless otherwise indicated)

#1: Explain the difference between wealth and money

#2: What is the difference between Fiat and Commodity Money?

#3: Why are regulations so stringent, especially for new banks?

#4 Who is Henry Kaufman?

#5 What does LIBOR stand for?

#6 What is asymmetric information?

#7 What is Adverse Selection?

#8 What is Moral Hazard?

#9 What are the Four Major Functions of (financial market) Regulators?

#10 What is the difference between a Primary and Secondary financial market?

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