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Asset classes and market instruments

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What are the differences between asset classes and market instruments?

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The solution explains the differences between asset classes and market instruments?

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Asset Classes:
A group of securities that exhibit similar characteristics, behave similarly in the marketplace, and are subject to the same laws and regulations. The three main asset classes are equities (stocks), fixed-income (bonds) and cash equivalents (money market instruments). In addition to the three main asset classes, some investment professionals ...

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