Final answer:
Completeness is an important objective for derivative financial instruments because it allows investors and traders to manage risks more effectively.
Step-by-step explanation:
Completeness is an important objective for derivative financial instruments. True. Derivative financial instruments are contracts whose values are derived from an underlying asset or assets. Completeness in this context means that all possible contingencies or events are accounted for and can be traded in the market. For example, if there is a complete set of derivative contracts for different interest rates, maturities, and currencies, then investors and traders have the ability to manage their risks and speculation more effectively.