Which of the following statements about Commercial Papers (CPs) is correct?

Question

Economics · Money Market

Verified Solution4 OptionsUpdated: October 2026👁️1 View

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Correct answer

It is a short-term unsecured money market instrument.

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Answer 1

It is a short-term unsecured money market instrument.

Answer 2

It is a long-term secured debt instrument.

Answer 3

It can be issued only by non-commercial entities.

Answer 4

It always carries a fixed interest paid directly by commercial banks.

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