With reference to the readings for Module 10 (FinancialMarkets):

1. identify the four most important financial innovations of the past 50 years (from about 1970),
2. provide a short description of each one in your own w0rds, to show that you understand it, and
3. explain why it was so important. Please answer in properly written paragraphs.

Please focus on the most important facts that you have learned about the topics of the questions you choose to answer.