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A derivative is an instrument: a. must be priced and traded by a bank or an official authority b. is restricted to Foreign Exchange Contracts

A derivative is an instrument:

a. must be priced and traded by a bank or an official authority

b. is restricted to Foreign Exchange Contracts

c. whose value is determined partly or wholt by the value of another instrument to as the underlying.

d. must always be linked to agricultural or other assets that are manufactured or extracted

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