Which of the Following Statements Relating to Financial Instruments Is

question 31

Multiple Choice

Which of the following statements relating to financial instruments is not correct?

• A) They may relate to singular instruments or a combination of instruments.
• B) A convertible note with the conversion option to issue shares is a financial liability.
• C) Primary instruments include receivables and payables.
• D) Derivative instruments include forward exchange contracts.

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Definitions:

Democrats

A political party in the United States that generally supports liberal policies, emphasizing social equality, environmental protection, and government intervention in the economy to promote social welfare.

Senate Majority Leader

The chief spokesperson and strategist for the majority party in the U.S. Senate, responsible for legislative planning and party agenda.

President Pro Tempore

A senior member of the Senate who presides over the chamber in the absence of the Vice President, often based on seniority.

Senate

An assembly or a chamber in a bicameral legislature, often the higher or upper house, responsible for making and passing laws.