Commercial paper was developed to
A)ease the wear and tear of paper currency.
B)interest consumers in the stock market.
C)finance corporations' short-term borrowing needs.
D)finance the government's short-term borrowing needs.

Question

Quizplus · Accepted Answer

Commercial paper is a type of short-term debt instrument that allows corporations to borrow money to finance their immediate needs, such as payroll or inventory management. It is not related to currency wear and tear or government borrowing needs. It is also not intended to interest consumers in the stock market.

Commercial Paper Was Developed to