Financial instruments include accounts receivable,accounts payable,futures contracts,equity securities and options.Which of the following statements is correct?
A) Accounts receivable, accounts payable and options are primary financial instruments
B) Equity securities and futures contracts are primary financial instruments
C) Accounts receivable and accounts payable are derivative (secondary) financial instruments
D) None of the above is correct

Question

Quizplus · Accepted Answer

Accounts receivable and accounts payable are primary financial instruments, not derivative. Options and futures contracts are derivative financial instruments. Equity securities are primary financial instruments.

Financial Instruments Include Accounts Receivable,accounts Payable,futures Contracts,equity Securities and Options