Issuers of commercial paper can be divided into direct paper, dealer paper, and asset-backed commercial paper.

Question

Quizplus · Accepted Answer

This statement is true. Issuers of commercial paper are commonly classified as direct issuers (those who issue paper directly to investors), dealer paper (those who issue paper through a dealer), and asset-backed commercial paper (those whose paper is backed by assets such as mortgages or credit card receivables).

Issuers of Commercial Paper Can Be Divided into Direct Paper