An Easily Understandable Explanation of Derivative Markets
On August - 26 - 2010 1 COMMENT
I came across this recently and I just couldn’t resist posting it here….. Sheer genius.
Heidi is the proprietor of a bar in Detroit. She realizes that virtually all of her customers are unemployed alcoholics and, as such, can no longer afford to patronize her bar. To solve this problem, she comes up with new marketing plan that allows her customers to drink now, but pay later.
She keeps track of the drinks consumed on a ledger (thereby granting the customers loans).
