Given below are two statements: Statement I: Commercial Paper (CP) is an unsecured short-term promissory note, negotiable and transferable by endorsement and delivery with a fixed maturity period. Statement II: Commercial Bills are short-term, negotiable, and self-liquidating money market instruments with low risk. In the light of the above statements, choose the most appropriate answer:

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Economics · Money Market Instruments

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Correct answer

Both Statement I and Statement II are correct

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Answer 1

Statement I is incorrect but Statement II is correct

Answer 2

Statement I is correct but Statement II is incorrect

Answer 3

Both Statement I and Statement II are incorrect

Answer 4

Both Statement I and Statement II are correct

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