ECONOMICS (CBSE/UGC NET)

ECONOMICS

FINANCIAL MARKETS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Type of financial security which have linked payoff to another issued security is classified as
A
linked security
B
derivative security
C
payable security
D
non-issuing security
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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