Question

Commercial paper usually is issued Select one: a. by large corporations unable to get credit elsewhere....

Commercial paper usually is issued

Select one:

a. by large corporations unable to get credit elsewhere.

b. for 3 to 7 years.

c. for short-term financing by small businesses.

d. by savings and loan associations.

e. for short-term financing by large corporations.

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Answer #1

Ans. E

Explanation: commercial paper is usually issued by large corporations for short term financing.

The maturities on commercial paper rarely range longer than 270 days.

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