Multiple Choice
The commercial paper rate is higher than that on Treasury bills for the same maturity because ________.
A) the investor in Treasury bills is exposed to credit risk.
B) interest earned from investing in Treasury bills is exempt from state and local income taxes.
C) commercial paper is more liquid than Treasury bills.
D) the investor in commercial paper is exposed to less risk.
Correct Answer:
Verified
Correct Answer:
Verified
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