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    Question

    A 'Hybrid' instrument is one

    that: 
    A Uses two different currencies. Correct Answer Incorrect Answer
    B Has features of both equity and debt. Correct Answer Incorrect Answer
    C Is sold only to NRIs. Correct Answer Incorrect Answer
    D Is exempt from all taxes. Correct Answer Incorrect Answer
    E Can be used as both cash and collateral. Correct Answer Incorrect Answer

    Solution

    Examples include convertible debentures or perpetual preference shares.

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