ECONOMICS
FINANCIAL MARKETS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Type of financial security which have linked payoff to another issued security is classified as
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linked security
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derivative security
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payable security
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non-issuing security
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Explanation:
Detailed explanation-1: -Explanation: Type of financial security whose payoff is linked to any other security is called derivate security. A derivative is a financial security with a value that is reliant upon or derived from, an underlying asset or group of assets a benchmark.
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