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    Question

    Commercial Papers (CP) is a money market instrument used

    to raise funds for a maximum of ____?
    A 90 days Correct Answer Incorrect Answer
    B 180 days Correct Answer Incorrect Answer
    C 210 days Correct Answer Incorrect Answer
    D 364 days Correct Answer Incorrect Answer
    E 500 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 (364 days) from the date of issue. Commercial Paper are issued by corporates to raise short term funds.

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