Which of the following statements is false about an Asset-backed Commercial Paper ABCP)?
A)Unlike the regular commercial paper, an ABCP is secured by the issuer's assets.
B)An ABCP is cheaper than a regular commercial paper because an ABCP helps to reduce moral hazard.
C)An ABCP is cheaper than a bank loan because an ABCP does not need to meet the capital requirement.
D)An ABCP typically comes with a credit enhancement.
E)None of the above

Question

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The Answer of Which of the following statements is false about an Asset-backed Commercial Paper ABCP)?
A)Unlike the regular commercial paper, an ABCP is secured by the issuer's assets.
B)An ABCP is cheaper than a regular commercial paper because an ABCP helps to reduce moral hazard.
C)An ABCP is cheaper than a bank loan because an ABCP does not need to meet the capital requirement.
D)An ABCP typically comes with a credit enhancement.
E)None of the above

Which of the Following Statements Is False About an Asset-Backed