These are contracts or legal agreements that give rise to both a financial asset for one party and a financial liability for another. Financial Contracts false Financial Derivatives false Financial Instruments true Financial Management false Single These represent rights and legal claims which stand for one’s partial ownership in the issuing company. Shares true Interests false Bonds false Claims false Single The following are examples of primary financial instruments except one. Bonds false Shares false Currencies false Swaps true Single These financial instruments adopt some characteristics of both primary and derivates instruments. Derivatives false Combinations true Secondary false Primary false Single The price of these instruments is based directly on their market value. Primary true Derivatives false Secondary false Combinations false Single The value of these instruments is tied to an underlying asset such as a stock, bond, index, or commodity. Primary false Derivatives true Secondary false Combinations false Single It requires the latter party to pay money or any valuable asset to the former. Financial Instruments false Financial Asset false Financial Liability true Dividends false Single It is a financial obligation that represents the issuing company’s liability to repay the capital provided by the investors. They are generally long-term, ranging from 10-30 years. Bonds true Shares false Notes false Derivatives false Single These are financial obligations representing the issuer’s liability to repay the capital provided by the investors, and the term usually ranges from 1 to 10 years. Bonds false Shares false Notes true Derivatives false Single These permit the purchaser to buy and the seller to sell a specific asset at a predetermined future date and price. Derivatives false Bonds false Shares false Futures true Single