Type of financial security whose payoff is linked to any other security is called

A. strong security

B. semi-strong security

C. derivate security

D. non-derivate security

Answer: Option C

Solution(By Examveda Team)

Type of financial security whose payoff is linked to any other security is called derivate security. A derivative is a financial security with a value that is reliant upon or derived from, an underlying asset or group of assets a benchmark.