Commercial paper has a maximum maturity of
A) one day.
B) seven days.
C) 30 days.
D) 270 days.

Name: Commercial paper has a maximum maturity of A) one day. B) seven days. C) 30 days. D) 270 days.
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Question

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Commercial paper is a short-term unsecured promissory note issued by corporations, typically used for the financing of accounts receivable, inventories, and meeting short-term liabilities. It has a maximum maturity of 270 days, which helps issuers avoid the need for SEC registration.

Commercial Paper Has a Maximum Maturity of