Commercial paper that is sold without the use of an actual paper certificate is known as
A) finance paper.
B) dealer paper.
C) book-entry paper.
D) term paper.

Question

Quizplus · Accepted Answer

Commercial paper that is sold without the use of an actual paper certificate is known as book-entry paper, which means the ownership of the commercial paper is electronically recorded in a central book-entry system. Choice A (finance paper) and B (dealer paper) are not correct terms for this type of commercial paper, and choice D (term paper) is completely unrelated to the question.

Commercial Paper That Is Sold Without the Use of an Actual