Commercial paper is a short-term security issued by ________ to raise funds.
A) the Federal Reserve
B) the New York Stock Exchange
C) large well-known companies
D) all of these options

Question

Quizplus · Accepted Answer

Commercial paper is typically issued by large corporations and financial institutions to raise short-term funds. The Federal Reserve and the New York Stock Exchange do not issue commercial paper, but they may play a role in regulating or facilitating its issuance and trading. Therefore, choice C is the best answer.

Commercial Paper Is a Short-Term Security Issued by ________ to Raise