
Derivatives
2 years ago
Credit default swaps? They’re complicated -- and scary! The receipt you get when you pre-order your Thanksgiving turkey? Not so much. But they have a lot in common: They’re both derivatives. Senior Editor Paddy Hirsch explains. More coverage of the financial crisis is at marketplace.org/financialcrisis
M4V
00:10:13
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The finance for kids.
youtube.com/watch?v=5HYG1Tp5Lmo&feature=player_embedded
But isn't the S&P 500 simply an index and not an exchange, (you say it is an exchange at 7:28). You probably meant to say NYSE or Nasdaq.