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Which of the Following Is Not Regarded as an Instrument

question 58

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Which of the following is not regarded as an instrument?


Definitions:

Futures Market

An exchange where participants can engage in the trading of futures contracts that are standardized. These contracts stipulate the buying of certain quantities of a commodity or financial instrument at a fixed price, with delivery arranged for a designated future time.

Spot Prices

The present selling or buying price of an asset available for immediate transfer.

Transaction Costs

The expenses incurred when buying or selling securities, including broker fees and taxes.

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