Which One of the Following Characteristics Generally Applies to Commercial

question 20

Multiple Choice

Which one of the following characteristics generally applies to commercial paper?

• A)Issued only by financial institutions
• B)Issued only by corporations
• C)Maturities limited to 90 days or less
• D)Unsecured
• E)Secured by accounts receivable

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Definitions:

Deductive Argument

A reasoning method where the outcome is derived from the agreement of several assumptions, which are usually considered accurate.

Logic

The study of principles of reasoning, especially of the structure of propositions and the nature of deductive inference.

Validity

The quality of being logically or factually sound; the extent to which a concept, conclusion, or measurement is well-founded and corresponds accurately to the real world.

Truth

The quality or state of being in accordance with fact or reality; it is often considered to be the ultimate standard by which reality is judged.