Which of the following is not a characteristic of a financial instrument? | Faculties

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Ram Sharma

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📊 Financial Markets and Institutions

Q. Which of the following is not a characteristic of a financial instrument?

(A) The financial instrument is always issued by a bank.
(B) A financial instrument is a written legal obligation of one party to transfer something of value, usually money.
(C) The transaction in a financial instrument is specified to take place at a future date.
(D) A financial instrument specifies certain conditions.

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✅ Correct Answer: (A) The financial instrument is always issued by a bank.

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