9 Questions
What are financial instruments?
Monetary contracts between parties
What are the categories of financial instruments?
Equity-based and debt-based
What is the definition of a financial instrument according to IAS 32 and 39?
Any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity
What are the types of financial instruments?
Cash and derivative
What are examples of debt-based financial instruments?
Bonds and loans
What are examples of equity-based financial instruments?
Shares and stocks
What is the difference between short-term and long-term debt-based financial instruments?
The length of time until the instrument matures
What category do foreign exchange instruments and transactions belong to?
Neither debt- nor equity-based
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
Study Notes
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!
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