Consider the following: 1. Exchange-Traded Funds (ETF) 2. Motor vehicles 3. Currency swap Which of the above is/are considered financial instruments?
Question:
Consider the following: 1. Exchange-Traded Funds (ETF) 2. Motor vehicles 3. Currency swap Which of the above is/are considered financial instruments?
Consider the following: 1. Exchange-Traded Funds (ETF) 2. Motor vehicles 3. Currency swap Which of the above is/are considered financial instruments?
Options
Answer: (d) 1 and 3 only
Explanation:
ETFs and currency swaps are financial instruments; motor vehicles are physical assets.
Explanation:
ETFs and currency swaps are financial instruments; motor vehicles are physical assets.
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