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Financial Instruments and Contracts Quiz

9 Questions

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Financial Instruments and Contracts Quiz

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Questions and Answers

What are financial instruments?

Physical goods exchanged between parties

Insurance policies between parties

Legal documents between parties

Monetary contracts between parties (correct)

What are the categories of financial instruments?

Cash and derivative

Equity-based and debt-based (correct)

Foreign exchange and debt-based

Short-term and long-term

What is the definition of a financial instrument according to IAS 32 and 39?

Any monetary transaction between parties

Any ownership interest in an entity

Any contractual right to receive or deliver goods

Any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity (correct)

What are the types of financial instruments?

Cash and derivative Signup and view all the answers

What are examples of debt-based financial instruments?

Bonds and loans Signup and view all the answers

What are examples of equity-based financial instruments?

Shares and stocks Signup and view all the answers

What is the difference between short-term and long-term debt-based financial instruments?

The length of time until the instrument matures Signup and view all the answers

What category do foreign exchange instruments and transactions belong to?

Neither debt- nor equity-based Signup and view all the answers

How is the gain or loss on a financial instrument measured?

The difference between the fair value of the financial instrument at the end of the reporting period and the fair value at the beginning of the reporting period Signup and view all the answers

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Description

Test your knowledge on financial instruments and contracts with this quiz! From cash and debt to derivatives and equity, this quiz covers the basics of financial instruments. Whether you're a beginner or an expert, this quiz will challenge your understanding of monetary contracts between parties on an international level. Get ready to learn and test your knowledge!