Multiple Choice
Which of the following is not a characteristic of commercial paper?
A) issued by large firms
B) one-to-two year maturity
C) rates are usually below prime rates on business loans
D) all the answers are commercial paper characteristics
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q26: It is difficult to acquire a loan
Q29: Firms exposed to the risk of interest
Q30: A cash discount calls for a reduction
Q41: After treasury bills,the largest outstanding short-term security
Q64: Mr. Jones borrows $3,000 for 90 days
Q72: What is generally the largest source of
Q79: The London Interbank offered rate is used
Q82: The movement of the exchange rate can
Q84: Commercial paper is an unsecured short-term IOU
Q98: Compensating balances:<br>A) are used by banks as