Consider the following: 1. Exchange-Traded Funds (ETF) 2. Motor vehicles 3. Currency swap. Which of the above is/are considered financial instruments?

ETFs and Currency swaps are financial instruments; motor vehicles are not. Exchange-Traded Funds (ETFs) are pooled investment securities that trade on stock exchanges, representing baskets of underlying assets. Currency swaps are derivative financial instruments where two parties exchange principal and interest payments in different currencies. Motor vehicles, however, are physical/tangible assets, not financial instruments. Financial instruments are contracts that create financial assets for one entity and financial liabilities or equity for another.