Most commercial paper is:
A) issued with maturities exceeding one year.
B) issued with maturities between 50 and 75 days.
C) used exclusively for short-term financing needs.
D) issued by foreign companies doing business in the United States.

Question

Quizplus · Accepted Answer

Commercial paper is a short-term unsecured promissory note issued by companies to meet immediate financing needs, typically with maturities ranging from a few days to under a year.

Most Commercial Paper Is