FINANCIAL INSTRUMENTS: INVESTMENTS [Word Doct] {7 marks total} Answer each of the following sub-parts independently: (a) {2 marks} What is a financial instrument (according to IAS 32)? (b) {2 marks} What is the difference between a passive investment and a strategic investment? Provide one example of each. (c) {3 marks} What are the two factors that determine whether an investment in bonds or loans is classified as an AC-Investment, FVOCI-Investment, or FVTPL-Investment? Briefly explain how the factors are applied for each classification.