Which of the following are financial instruments?
A) real estate properties
B) grocery store loyalty cards
C) retail store inventories
D) savings accounts, credit cards, and mortgages

Question

Quizplus · Accepted Answer

Real estate properties and retail store inventories are physical assets and are not considered financial instruments. Grocery store loyalty cards are more like marketing tools and do not represent a financial value. Savings accounts, credit cards, and mortgages, on the other hand, are financial instruments as they are used for monetary transactions and involve the exchange of funds.

Which of the Following Are Financial Instruments