Question

Commercial Paper emerged as a source of __________ finance in our country in the early _________.

• A. short-term, sixties
• B. short-term, seventies
• C. long-term, eighties
• D. short-term, nineties

Answer 1

The correct option is D short-term, nineties

Commercial paper emerged as a source of short-term finance in our country in the early nineties. Commercial paper is an unsecured promissory note issued by a firm to raise funds for a short period, varying from 90 days to 364 days.