Examlex
Which of the following is not regarded as an instrument?
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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