Which Statement Concerning Commercial Paper Is NOT True

question 89

Multiple Choice

Which statement concerning commercial paper is NOT true?

• A)Commercial paper generally carries an interest rate below the prime rate.
• B)Commercial paper is sold to money market mutual funds, as well as to other financial institutions and nonfinancial corporations.
• C)Commercial paper can be issued by virtually any firm so long as it is willing to pay the going interest rate.
• D)Commercial paper is a type of unsecured promissory note issued by relatively large, strong firms.

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