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    Foundations of Financial Management Study Set 1
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    Exam 8: Sources of Short-Term Financing
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    Commercial Paper Has an Advantage That
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Commercial Paper Has an Advantage That

Question 66

Question 66

Multiple Choice

Commercial paper has an advantage that:


A) it has low probability of default.
B) it requires small compensating balances.
C) it is secured by an independent third party.
D) it requires no compensating balances.

Correct Answer:

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