Which of the Following Is a Characteristic of Commercial Paper

question 113

Multiple Choice

Which of the following is a characteristic of commercial paper?

• A) Issued by large firms.
• B) One-to-two year maturity.
• C) Rates are usually above prime rates on business loans.
• D) Issued by small firms.

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Definitions:

Pollution

The contamination of the natural environment, which can lead to harmful effects on ecosystems and human health.

Marginal External Cost

The additional cost imposed on society that is not accounted for by the producer as output increases.

Marginal Social Cost

The cost to society of producing one additional unit of a good or service, including both the private costs and any external costs.

Oil Refinement

The process of transforming crude oil into useful products like gasoline, diesel, and jet fuel through various physical and chemical treatments.