Please answer each question carefully detailed and full and long paragraph correctly. I will rate you 5 star. Please have your own sources. DO NOT COPY google or any other place on internet as I will not rate it if you copy. Thank you so much and I'm greatly appriciated your help!

1. Give three pro arguments and three con arguments for each of the following debate topics. Carefully explain each argument and relevance to the topic: A. "Fiat currency as legal tender is necessary to a sound economic system;" B. "Fractional reserve banking in demand deposits is necessary to a sound economic system;" C. "Central banks and their monetary policies are necessary to sound economic systems;" D. "The International Monetary Fund is necessary to a sound global economic system." 2. Explain three types of moral hazard in the world of finance that have been described as the consequence of central bank policies in the 21st Century. Use illustrations and thorough explanations of each and how these might play a role in the boom-and-bust cycle. 3. Discuss the Iron Triangle and the Revolving Door as these pertain to news reports about Lincoln Savings & Loan and Goldman Sachs. Use examples from the savings and loan banking crisis (1987-1989) and the Great Recession (2008-2009) to illustrate and explain. 4. As depicted in the film "Money for Nothing" and the lectures, explain what was most controversial about the policies of the Federal Reserve Board during the tenure of each of these chairpersons: William Martin, Arthur Burns, Paul Volcker, Alan Greenspan, Ben Bernanke, Janet Yellen, & Jerome Powell. Describe the change in Alan Greenspan's view of money from 1966 to 2006. 5. Explain briefly what responsibility and consequence, if any, each of the following had for the 2008-09 Great Recession: a. homeowners; b. financial institutions; c. the Federal Reserve Bank & government regulators; d. political leaders; e. taxpayers & voters. Has sufficient action been taken to prevent another such financial crisis in the future? Why or why not?