Which of the following is not an example of a level 2 input?
A)Quoted prices in active markets for identical assets or liabilities.
B)Quoted prices for identical or similar assets or liabilities in markets that are not active.
C)Inputs other than quoted prices that are observable for the asset or liability,such as interest rates and yield curves,volatilities,prepayment speeds and credit risks.
D)Inputs that are derived from or corroborated by observable market data by correlation or other means.

Question

Quizplus · Accepted Answer

Quoted prices in active markets for identical assets or liabilities are considered level 1 inputs, not level 2 inputs. Level 2 inputs are inputs other than quoted prices that are observable for the asset or liability.

Which of the Following Is Not an Example of a Level