Commercial paper is a short-term security issued by ________ to raise funds.
A) the Bank of Canada
B) commercial banks
C) large,well-known companies
D) the Toronto Stock Exchange
E) provincial and local governments

Question

Quizplus · Accepted Answer

Commercial paper is typically issued by large, well-known companies to raise short-term funds. It is a type of debt instrument and is often used as an alternative to bank loans or other forms of financing. The Bank of Canada, commercial banks, the Toronto Stock Exchange, and provincial and local governments are not typically involved in the issuance of commercial paper.

Commercial Paper Is a Short-Term Security Issued by ________ to Raise