The Difference Between Commercial Paper and a Bill of Exchange

question 39

Multiple Choice

The difference between commercial paper and a bill of exchange is that:

• A)a bill of exchange is a short-term debt instrument whereas commercial paper is not.
• B)in a bill of exchange,the issuer and an acceptor are parties to the instrument,as opposed to only the issuer to a commercial paper instrument.
• C)only a bill of exchange can be traded in an active secondary market.
• D)none of the given options.

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Definitions:

Astigmatism Test Chart

A visual tool used to assess the presence and degree of astigmatism, featuring lines or patterns to help determine visual distortions.

Hyperopic

Referring to farsightedness, a common vision condition where distant objects can be seen clearly, but close ones do not come into proper focus.

Myopic

Nearsightedness; a condition in which close objects appear clearly but distant ones don't.

Nearsighted

A vision condition, also known as myopia, where close objects appear clear but distant ones are blurry.