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    Question

    What is the maturity period of тАЬ Commercial

    PapersтАЭ?
    A 7 Days тАУ 270 Days Correct Answer Incorrect Answer
    B 5 Days тАУ 250 Days Correct Answer Incorrect Answer
    C 15 Days тАУ 300 Days Correct Answer Incorrect Answer
    D 8 days тАУ 280 Days Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    When large firms need day to day short term money for business needs then they raise capital through promissory notes in the market is known as Commercial Papers. They have fix maturity date ranging from 7 Days тАУ 270 Days. They offer higher returns compared to that from treasury bills .

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