Commercial paper is:
A) the basic selling document of a 1933 Act registered offering.
B) a public offer by a bidder to purchase a target company's equity securities.
C) a way to either issue immediate payment or to extend credit.
D) any unit of goods that is treated by commercial usage as a single whole.

Question

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Commercial paper is basically a contract for the payment of money. It may serve as a substitute for money payable immediately, such as a check, or it can be used as a means of extending credit.

Commercial Paper Is