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.*1 pointI, IV and V only.I, II, IV and V only;I, II and V only;II, III and IV only;

Financial instruments are monetary contracts between parties. They can be created, traded, settled, and they can also be packaged together with other financial instruments. The accounts that are classified as financial instruments usually involve a contractual right for one entity and a contractual obligation for another entity.

Let's analyze each option:

I. Deposits held by a financial institution: These are indeed financial instruments as they represent a contractual right for the depositor (to withdraw the funds) and a contractual obligation for the bank (to return the funds upon demand).

II. Ordinary shares: These are also financial instruments. They represent ownership in a company and provide the holder with a claim on part of the company's assets and earnings.

III. Raw materials inventories: These are not financial instruments. They are physical assets, not contractual obligations or rights.

IV. Property, plant and equipment: These are also not financial instruments. They are tangible assets used in a company's operations.

V. Accounts receivable and accounts payable: These are financial instruments. Accounts receivable represent a company's right to receive money from customers, and accounts payable represent a company's obligation to pay its suppliers.

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