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.
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.
Commercial paper usually is issued Select one: a. by large corporations unable to get credit elsewhere....
Which of the following is an advantage of using commercial paper for short-term credit? a. The interest rate is usually lower than for equivalent bank loans b It is a type of free credit CA readily available source of credit for most firms с. d It can be issued for very small amounts
Which of the following is an advantage of using commercial paper for short-term credit? . The interest rate is usually lower than for equivalent bank loans. b It is a type of free credit A readily available source of credit for most firms It can be issued for very small amounts
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