Which type of money market instrument was issued by the company in the earlier part ?
A. Call money
B. Treasury bill
C. Commercial paper
D. Certificate of deposit
Answer:C
Which type of money market instrument was issued by the company in the earlier part ?
A. Call money B. Treasury bill C. Commercial paper D. Certificate of deposit
Explanation: Commercial paper is a short term unsecured promissory note, negotiable and transferable by endorsement and delivery with a fixed maturity period. It is issued by large and creditworthy companies to raise short-term funds at lower rates of interest than market rates.