eAn investor buys $$10,000$ worth of gold at a certain price today. Futures markets

a certificate of deposit $($CD$)$ that will mature in six months.

Description of Transaction

Type of Market

Vezio Corp. decides to sell shares worth $$15$ million directly to a small group of US institutional investors.

A hedge fund purchased credit default swaps on securities it did not own because it believed that the securities were likely to default. In this example, the hedge fund is $.$