Which one of the following characteristics generally applies to commercial paper?
A)Issued only by financial institutions
B)Issued only by corporations
C)Maturities limited to 90 days or less
D)Unsecured
E)Secured by accounts receivable

Question

Quizplus · Accepted Answer

Commercial paper is typically an unsecured, short-term debt instrument issued by corporations to meet immediate financial needs.

Which One of the Following Characteristics Generally Applies to Commercial