Which Statement Best Describes a Held-For-Trading Instrument

Which statement best describes a held-for-trading instrument?

A) A financial investment that has fixed or determinable payments and fixed maturity that an entity intends and is able to hold to maturity.
B) A financial investment that has not been otherwise classified as one of the other six categories of financial assets.
C) A financial investment that has fixed or determinable payments, but is not quoted in an active market.
D) A financial investment acquired for the purpose of selling in the near term.

Correct Answer:

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