Question
Commercial Papers (CP) is a money market instrument used
to raise funds for a maximum of ____?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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