Which instrument was introduced in year 1990 with a view to enable highly rated corporate borrowers to diversify their sources of short-term borrowings?
A)Certificate of Deposit
B)Commercial Paper
C)Commercial Bill
D)None of the Above

Question

Quizplus · Accepted Answer

Commercial Paper was introduced in 1990 as a short-term instrument for highly rated corporate borrowers to diversify their sources of short-term borrowings. It is an unsecured money market instrument issued in the form of a promissory note.

Which Instrument Was Introduced in Year 1990 with a View