Question: 1. Describe the term Financial Instruments with examples (4 marks) 2. Which of the following are not financial instruments? (3 marks) a. Convertible Preference shares

1. Describe the term Financial Instruments with examples (4 marks)

2. Which of the following are not financial instruments? (3 marks)

a. Convertible Preference shares

b. Payments for maintenance

c. Prepayment for Insurance

d. Tax payable

e. Investment in ordinary shares

1. Describe the term Financial Instruments with examples (4 marks)

2. Which of the following are not financial instruments? (3 marks)

a. Convertible Preference shares

b. Payments for maintenance

c. Prepayment for Insurance

d. Tax payable

e. Investment in ordinary shares

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