Derivative Instrument and Derivative Market Features
Quick practice
Question 1 of 5
A financial instrument with a payoff that depends on a specified event occurring is
most accurately described as:
A
a contingent claim.
B
a default swap.
C
an option.
D
NA
Get unlimited practice with CFA Level 1 subscription
Boost your performance with adaptive practice tests
Practice every concept in the syllabus
Compare your speed and accuracy with your peers
Download the app and practice on the go