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    Risk Management and Insurance
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    Exam 17: Advanced Topics in Risk Management
  5. Question
    A Financial Instrument That's Value Is Based on an Underlying
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A Financial Instrument That's Value Is Based on an Underlying

Question 24

Question 24

Multiple Choice

A financial instrument that's value is based on an underlying security or commodity is called a/an


A) insurance contract
B) employment contract
C) enterprise contract
D) derivative security

Correct Answer:

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