D is corrent. Derivatives are financial instruments that derive their value from changes in a benchmark (an underlying) based on stock prices, interest rates, mortgage rates, currency rates, commodity prices, or some other agreed-upon financial or physical variable that has observable or objectively verifiable changes. Discounts on accounts receivable would not serve as a benchmark for a derivative financial instrument.
A is incorrect. Derivatives are financial instruments that derive their value from changes in a benchmark (an underlying) based on stock prices, interest rates, mortgage rates, currency rates, commodity prices, or some other agreed-upon financial or physical variable that has observable or objectively verifiable changes. Discounts on accounts receivable would not serve as a benchmark for a derivative financial instrument.
A is incorrect. Derivatives are financial instruments that derive their value from changes in a benchmark (an underlying) based on stock prices, interest rates, mortgage rates, currency rates, commodity prices, or some other agreed-upon financial or physical variable that has observable or objectively verifiable changes. Discounts on accounts receivable would not serve as a benchmark for a derivative financial instrument.
A is incorrect. Derivatives are financial instruments that derive their value from changes in a benchmark (an underlying) based on stock prices, interest rates, mortgage rates, currency rates, commodity prices, or some other agreed-upon financial or physical variable that has observable or objectively verifiable changes. Discounts on accounts receivable would not serve as a benchmark for a derivative financial instrument.
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