📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

  • google app store apple app store
  • ✖

      Question

      A Commercial Paper (CP) is an unsecured money market

      instrument issued in the form of a promissory note. What is the maximum maturity period for a CP?
      A 14 days Correct Answer Incorrect Answer
      B 90 days Correct Answer Incorrect Answer
      C 180 days Correct Answer Incorrect Answer
      D 270 days Correct Answer Incorrect Answer
      E 1 Year Correct Answer Incorrect Answer

      Solution

      Commercial Papers can be issued for maturities between a minimum of 7 days and a maximum of up to one year from the date of issue.

      Practice Next

      Relevant for Exams:

      ask-question