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1. Define money and discuss its various functions. Is debit card money? What about credit cards? Why? Why not? Explain. 2. Bonds are risky due

1. Define money and discuss its various functions. Is debit card money? What about credit cards? Why? Why not? Explain.

2. Bonds are risky due to default risk, liquidity risk, inflation risk, and interest-rate risk. Explain each of these risk.

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