In recent decades, speculative instruments called "derivatives":

Question

Quizplus · Accepted Answer

Derivatives are financial instruments whose value is based on the price movements of an underlying asset, such as stocks or bonds. They are indeed complex and can be used to speculate on the future prices of these assets, making choice D correct. They are not specifically designed to protect domestic markets, provide access to the stock market, or considered too risky for Wall Street investors, which makes the other options incorrect.

In Recent Decades, Speculative Instruments Called "Derivatives