Derivative instruments derive their value from ________.
A. market conditions at time of delivery.
B. market conditions at time of issue.
C. the underlying instruments to which they relate.
D. variations in the future claims conveyed from spot markets.
Answer:C
Derivative instruments derive their value from ________.
A. market conditions at time of delivery. B. market conditions at time of issue. C. the underlying instruments to which they relate. D. variations in the future claims conveyed from spot markets.