The main advantage of commercial paper is that its maturity is longer than that of a bank loan.
Correct Answer:
Verified
Q198: Spontaneous financing can take the form of
Q199: Loans are said to be self-liquidating if
Q200: The financial managers have little control over
Q201: Payables financing is costless during the prompt
Q202: When accounts receivable are pledged as collateral
Q204: The interest rate on commercial paper normally
Q205: The availability of funds under a line
Q206: Bank credit is a minor source of
Q207: Trust receipts identify the specific units of
Q208: Accruals tend to be directly related to
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents