<p dir="ltr"> <strong><span style="font-size:16ptpx"><span style="background-color:#ffffff"><span style="color:#ff0000">It is an </span></span><span style="color:#000000"><span style="background-color:#ffffff">underlying instrument essential for determining a </span>contract. It can be a precious metal, stock, currency pair, or bond.</span></span></strong></p><p></p>