Which of the Following Is True of Commercial Paper

question 8

Multiple Choice

Which of the following is true of commercial paper?

• A)It has a maturity of less than 90 days.
• B)It can be issued by both small businesses and large corporations.
• C)It is considered long-term debt.
• D)It is essentially unsecured IOUs.

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Definitions:

Loyalist Exiles

The British loyalists who were forced to leave the United States after the American Revolution and resettled in other British colonies.

Canada

A country in North America, known for its vast landscapes, multicultural communities, and as the second largest country by total area.

Economic Freedom

Denotes the ability of individuals in a society to take economic actions, such as starting a business or trading, free from government restrictions.

Community Interests

Shared concerns or objectives that are important to the well-being and functioning of a group or society.