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Derivatives simplified – What do you mean by derivative?

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Derivatives are financial instruments which derives its value from the underlying asset. Derivatives are an arrangement or product (such as a future, option, or warrant) whose value derives from and is dependent on the value of an underlying asset, such as a commodity, currency, or security. Derivatives dare explained in this video with the help of simple example.
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Derivatives simplified – What do you mean by derivative? | Ecency