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1. Which of the following markets is least liquid?

the currency market

the forwards market

the bond market

the stock market

2. Which of the following is true of a financial derivative?

Derivatives can be used to multiply gains or losses from an asset

Derivatives are not traded on exchanges and so cannot be regulated

Derivatives can also be traded without any underlying asset

The price of a derivative is independent of its supply in the market

Financial Management, Finance

  • Category:- Financial Management
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