Commercial paper sells at a discount and repays the face value with interest within 270 days.

Name: Commercial paper sells at a discount and repays the face value with interest within 270 days.
Brand: Quizplus
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Question

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Commercial paper is a short-term, unsecured financial instrument that is issued by corporations as a means of raising funds. It is typically sold at a discount to its face value and is repaid with interest within 270 days.

Commercial Paper Sells at a Discount and Repays the Face