Commercial Paper Was Developed to

question 73

Multiple Choice

Commercial paper was developed to

• A)ease the wear and tear of paper currency.
• B)interest consumers in the stock market.
• C)finance corporations' short-term borrowing needs.
• D)finance the government's short-term borrowing needs.

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Definitions:

Nonprice Competition

A marketing strategy in which a company tries to differentiate its product or service from competing products on the basis of attributes other than price.

Advertising

A method used by businesses to promote their products or services to potential customers.

Price Leadership

A market strategy where one leading company sets the price of goods or services within a sector, and other companies in the industry follow suit.

Airfare

The cost or price of a journey by airplane.