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19 Which of the following is not a distinguishing characteristic of a derivative instrument? a. Derivative instruments have one or more underlyings and notional amounts.

19 Which of the following is not a distinguishing characteristic of a derivative instrument?

a.

Derivative instruments have one or more underlyings and notional amounts.
b.

Derivative instruments have a low initial net investment.
c.

Derivative instruments have terms that require or permit net settlement.
d.

Derivative instruments are highly effective throughout their term.

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