Multiple Choice
Which of the following is not a characteristic of a financial instrument?
A) The financial instrument is always issued by a bank.
B) A financial instrument is a written legal obligation of one party to transfer something of value, usually money.
C) The transaction in a financial instrument is specified to take place at a future date.
D) A financial instrument specifies certain conditions.
Correct Answer:
Verified
Correct Answer:
Verified
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Q15: The IDBI was started in<br>A)1949<br>B)1964<br>C)1982<br>D)1962
Q16: Which of the following in India is
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Q18: Which of the following increases the value
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Q22: The function of a financial system is