9. In a publication by the Commodity Futures Trading Commission, the following statement appears:

Many people think that futures markets are just about speculating or “gambling.” While it is true that futures markets can be used for speculating, that is not the primary reason for their existence. Futures markets are actually designed as vehicles for hedging and risk management, that is, to help people avoid “gambling” when they don’t want to.5 Explain how futures markets help investors manage risk.