Question: 7. If financial assets are exchanged for cash or other consideration, but the transfer does not meet the criteria for a sale, the transferor should

7. If financial assets are exchanged for cash or other consideration, but the transfer does not meet the criteria for a sale, the transferor should account for the transaction as a Secured borrowing Pledge of collateral

a. No Yes

b. Yes Yes

c. Yes No

d. No No

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