A Product-Based Instrument

A product-based instrument

A) entitles its buyer to purchase the bank service at a price below cost during a prespecified time period.
B) entitles its buyer to a financial claim as well as some non-monetary services.
C) is a contract that calls for an immediate delivery of a prespecified product and imposes a penalty if immediate delivery is not executed.
D) is a financial claim that pays its buyer a prespecified amount given the occurrence of certain events and nothing otherwise
E) none of the above