[Solved] Which of the following is not a characteristic of a financial instrument?

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Q.	Which of the following is not a characteristic of a financial instrument?
A.	The financial instrument is always issued by a bank.
B.	A financial instrument is a written legal obligation of one party to transfer something of value, usually money.
C.	The transaction in a financial instrument is specified to take place at a future date.
D.	A financial instrument specifies certain conditions.
Answer» A. The financial instrument is always issued by a bank.

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