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      Question

      Commercial Papers (CP) is a money market instrument used

      to raise funds for at least ____?
      A 1 day Correct Answer Incorrect Answer
      B 3 days Correct Answer Incorrect Answer
      C 5 days Correct Answer Incorrect Answer
      D 7 days Correct Answer Incorrect Answer
      E 10 days Correct Answer Incorrect Answer

      Solution

      Commercial Paper (CP) is an unsecured money market instrument issued in the form of a promissory note. CP can be issued for maturities between a minimum of 7 days and a maximum of up to one year from the date of issue. Commercial Paper are issued by corporates to raise short term funds.

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