Which of the Following Statements Is False

question 24

Multiple Choice

Which of the following statements is false?

• A) Unlike long-term debt, because of its short maturity, commercial paper is not rated by credit rating agencies.
• B) The interest on commercial paper is typically paid by selling it at an initial discount.
• C) Commercial paper is short-term, unsecured debt used by large corporations that is usually a cheaper source of funds than a short-term bank loan.
• D) Extending the maturity of commercial paper beyond 270 days triggers a registration requirement with the Securities and Exchange Commission (SEC), which increases issue costs and creates a time delay in the sale of the issue.

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Definitions:

Self-Portraits

Artistic representations where artists create images of themselves, often used as a means of self-exploration or expression.

Rembrandt

A Dutch painter and etcher, one of the greatest artists in history, known for his masterful use of light and shadow.

Use of Light

The artistic and practical manipulation of light and shadows to enhance the visual experience of spaces or to achieve specific effects in photography, cinema, and art.

Netherlandish Painter

An artist from the regions corresponding to modern Belgium and the Netherlands in the 15th and 16th centuries, known for detailed naturalism in painting.