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1. Why does Warren Buffett say that Wall Streets rocket scientists give financial derivatives a bad name? 2. Explain how futures contracts are risk-management tools?

1. Why does Warren Buffett say that Wall Street’s “rocket scientists” give financial derivatives a bad name?

2. Explain how futures contracts are risk-management tools?

3. What career choices and company choices are available to someone who wants to work with futures contracts? What types of courses would be appropriate to develop the knowledge and skills needed in these jobs? (Hint: Consult career information on the Internet or through your university’s Career Placement Services.

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