What is the term for contracts based on (derived from) some other asset-commodities, interest rates, credit, foreign exchange rates, equities, and mortgages?

Name: What is the term for contracts based on (derived from) some other asset-commodities, interest rates, credit, foreign exchange rates, equities, and mortgages?
Brand: Quizplus
Rating: 4.8 (49 reviews)

Question

Quizplus · Accepted Answer

Contracts based on (derived from) some other asset are called financial derivatives. This includes commodities, interest rates, credit, foreign exchange rates, equities, and mortgages.

What Is the Term for Contracts Based on (Derived From)