Question 14 Complete Marko.co out of 1.00 Flag question Which of the following accurately describes a credit derivative? a. The buyer and seller of a credit derivative are provided with a credit guarantee by the clearinghouse. b. At the initiation of the contract of a credit derivative, the buyer and seller provide a performance bond. c. In a credit derivative, the seller provides the buyer with protection against credit risk of a third party. Question 15 Complete Marko.co out of 1.00 P Flag question Which of the following is an advantage of the derivatives market? a. They are less volatile than spot markets. b. They incur higher transaction costs than spot markets. c. They make it easier and less costly to transfer risk