Real estate is not traded in the securities markets. Thus, Option D) is the correct answer.
Real estate includes both the land and any permanent, whether natural or man-made, structures or improvements affixed to the surface. A type of real property is real estate. It contrasts with personal property, such as cars, yachts, jewels, furniture, and farm equipment, which is not permanently affixed to the land.
A financial instrument that is fungible and negotiable and has some kind of monetary worth is referred to as a "security." Security can reflect rights to ownership as specified by an option, ownership of a bond issued by a government agency or corporation that represents a corporation, or ownership of stock that represents ownership in a corporation.
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