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10.12: Financial Derivatives

Last updated

Oct 8, 2020
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- 10.11.6: Suggested Reading
- 10.12.1: Derivatives and Their Functions

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Learning Objectives

By the end of this chapter, students should be able to:

Define financial derivative and explain the economic functions that financial derivatives fulfill.
Define and describe the four major types of derivatives: forwards, futures, options, and swaps.
Explain the economic functions of hedging and speculating.

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