The Cost of Issuing Commercial Paper Is Generally Lower Than

question 106

True/False

The cost of issuing commercial paper is generally lower than that of a line of credit.

---

Definitions:

Point-Of-Sale

The location or system where a retail transaction is completed, such as cash registers or online checkout pages.

Debit Card

A payment card that deducts money directly from a consumer's checking account to pay for a purchase.

Hedge Fund

A Hedge Fund is a private investment fund that uses complex strategies in both domestic and international markets with the goal of generating high returns.

Nondepository Financial Institution

Financial entities that do not accept traditional deposits like a bank, but may offer other financial services such as investment, insurance, and retirement plans.