Which of the following is classified as securities?

Securities are financial instruments that hold some form of monetary value and can be traded. This includes a wide range of instruments, broadly categorized into negotiable and non-negotiable instruments.

When considering the correct choice, both negotiable and non-negotiable instruments are indeed classified as securities. Negotiable instruments, such as stocks and bonds, can be transferred from one party to another and are widely recognized as securities due to their ability to be bought, sold, or otherwise traded in the financial markets.

Non-negotiable instruments, on the other hand, include financial products like certain types of certificates or bonds that may not be easily transferred but still represent a claim on assets or entitlement to future cash flows. Thus, by encompassing all forms of instruments that represent value, the classification includes both types as being securities.

The other options are limited in their scope. For instance, only mentioning negotiable instruments excludes a significant portion of the securities market, while focusing solely on government-issued securities restricts the classification to a small subset of instruments. Tokens and tickets that are not negotiable also do not fit the broader classification of securities since their lack of negotiability typically renders them ineligible under standard definitions. Therefore, the most comprehensive and accurate classification is that both