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
- A
1 only
1 only. Currency swaps are also financial instruments.
- B
2 and 3 only
2 and 3 only. A motor vehicle is a real asset, not a financial instrument.
- C
1, 2 and 3
All three. Motor vehicles drop.
- D
1 and 3 only
1 and 3 only. ETFs and currency swaps; not cars.
Summary. Official key is (d) 1 and 3 only. An ETF is a traded financial claim. A currency swap is a derivative / FX instrument. A motor vehicle is physical capital, not a financial instrument. So 2 drops.
Same topic · past papers
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