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palwinder

· started a discussion

· 1 Months ago

commercial paper is short term (Question:1068411.0)

commercial paper is short term

Question:

Which of the following are correct statements about Commercial Papers ?

Options:
A)

It is of short term

B)

It is secured debt

C)

Rates of commercial papers are usually cheaper than those for their long-term debt

D)

Both (a) and (c)

E)

Both (b) and (c)

Solution:

Ans:(c)

Commercial paper is an unsecured, short-term debt instrument issued by a corporation, typically for the financing of accounts receivable, inventories and meeting short-term liabilities. Rates of commercial papers are usually cheaper than those for their long-term debt.

Knowledge Expert

· commented

· 1 Months ago

Dear student,
We have done the correction.

Best wishes
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