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Derivatives the tools that changed finance

Chia sẻ: Nguyen Bao Ngoc | Ngày: | Loại File: PDF | Số trang:202

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Derivatives the tools that changed finance

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A derivative is a contract that is used to transfer risk. There are many different underlying risks, ranging from fluctuations in energy prices to weather risks. Most derivatives, however, are based on financial securities such as common stocks, bonds and foreign exchange instruments.

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