Final answer:
B. A forward contract is not an example of a derivative market investment instrument. A forward contract is a private agreement whereas the other options are traded on an exchange.
Step-by-step explanation:
The correct answer is B. A forward contract.
A forward contract is a type of derivative market investment instrument in which two parties agree to buy or sell an asset at a specified price on a future date. It is a private agreement and is not traded on an exchange. Therefore, it is not considered a derivative market investment instrument.
On the other hand, A, C, and D are examples of derivative market investment instruments:
- A. A commercial bill contract is a type of short-term debt instrument that is discounted and matures in less than one year.
- C. A futures contract is a standardized agreement to buy or sell an asset at a future date at a predetermined price. It is traded on an organized exchange.
- D. An options contract gives the holder the right, but not the obligation, to buy or sell an asset at a predetermined price on or before a specific date.