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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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