A financial asset which represents a claim on another financial asset is called a ______ asset.
A) secondary
B) convertible
C) derivative
D) market
E) primary

Name: A financial asset which represents a claim on another financial asset is called a ______ asset. A) secondary B) convertible C) derivative D) market E) primary
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Question

Quizplus · Accepted Answer

A derivative asset derives its value from another underlying asset or financial instrument. Examples include options, futures, swaps, and forwards.

A Financial Asset Which Represents a Claim on Another Financial