When Compared with Bank Bills,commercial Paper Has the Advantage

question 60

Multiple Choice

When compared with bank bills,commercial paper has the advantage:

• A) that no interest is paid until maturity, unlike for a bank bill.
• B) that a holder of commercial paper has no contingent liability when selling in the money markets.
• C) that an issue of commercial paper often has a rollover facility attached, unlike for bank bills.
• D) of greater liquidity in the secondary market.

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