Which of the following would not be a characteristic of commercial paper?
A) issued by well-known business firms
B) debt is secured
C) short-term debt
D) Used as an investment vehicle to earn short term interest.

Question

Quizplus · Accepted Answer

Commercial paper is usually unsecured short-term debt issued by well-known business firms. It is often used as an investment vehicle by individuals and institutions to earn short-term interest. However, commercial paper is not typically secured by collateral or assets, making option B not a characteristic of commercial paper.

Which of the Following Would Not Be a Characteristic of Commercial