Q577
Type of financial security whose payoff is linked to any other security is called
A.
strong security
B.
semi-strong security
C.
derivate security
AnswerD.
non-derivate security
Answer: Option C
Solution
Answer: Option C
Solution:
Type of financial security whose payoff is linked to any other security is called derivate security. A derivative is a financial security with a value that is reliant upon or derived from, an underlying asset or group of assets a benchmark.