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the bank issues a financial instrument with the help of which money can be sent from one place to another identify this instrument |
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Answer» Explanation: Financial INSTRUMENTS may be DIVIDED into two types: cash instruments and derivative instruments. Cash Instruments. Derivative Instruments. Debt-Based Financial Instruments. EQUITY-Based Financial Instruments. Financial instruments are monetary contracts between parties. ... International Accounting Standards IAS 32 and 39 define a financial instrument as "any CONTRACT that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity". Helps You ✌✌ |
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