Consider the following:
- Exchange-Traded Funds (ETF)
- Motor vehicles
- Currency swap
Which of the above is/are considered financial instruments?
(a) 1 only
(b) 2 and 3 only
(c) 1, 2 and 3
(d) 1 and 3 only
Correct Answer: (d) 1 and 3 only
Explanation:
- Exchange-Traded Funds (ETFs) and Currency swaps are considered financial instruments.
- Motor vehicles are not financial instruments; they are physical assets.
Possible Sources: Financial market references.
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