Which of the following is sometimes called two-name paper?
A) ECP
B) BA or bank bill
C) Treasury bill
D) CD

Question

Quizplus · Accepted Answer

BA or bank bill is sometimes called two-name paper because it involves both the bank and the borrower, with the bank being the holder of the bill and the borrower being the party liable to pay the amount on maturity. The other options, ECP (Euro commercial paper), Treasury bill, and CD (certificate of deposit), are not referred to as two-name paper.

Which of the Following Is Sometimes Called Two-Name Paper