McqMate
| Q. |
Which of the following statements is not true with regard to Commercial paper? |
| A. | Is a long-term unsecured promissory note with a fixed maturity period. |
| B. | It usually has a maturity period of 15 days to one year. |
| C. | It is sold at a discount and redeemed at par. |
| D. | Companies use this instrument for bridge financing. |
| Answer» A. Is a long-term unsecured promissory note with a fixed maturity period. | |
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