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Credit Default Swaps: CNBC Explains

Thu 04 Aug 11 | 06:01 AM ET
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Credit Default Swaps: CNBC Explains

Thu 04 Aug 11 | 06:01 AM ET
Credit default swaps act as insurance against default, but these financial instruments are actually used in a number of complex ways. How are credit default swaps employed, and what is the rationale for these securities? Salman Khan of the Khan Academy explains.
 
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