Which of the following are regarded as financial instruments?I. Deposits held by a financial institution.II. Ordinary shares.III. Raw materials inventories.IV. Property, plant and equipment.V. Accounts receivable and accounts payable.

Financial instruments are defined as any contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.

Based on this definition:

I. Deposits held by a financial institution are considered financial instruments. They represent a financial asset for the depositor and a financial liability for the financial institution.

II. Ordinary shares are considered financial instruments. They represent an equity instrument for the holder and an equity of the issuing entity.

III. Raw materials inventories are not considered financial instruments. They are physical assets, not contractual arrangements.

IV. Property, plant and equipment are not considered financial instruments. They are tangible assets, not contractual arrangements.

V. Accounts receivable and accounts payable are considered financial instruments. They represent a financial asset for the entity that will receive the money and a financial liability for the entity that owes the money.

So, the correct answer is I, II, and V.