Question
Commercial paper is an unsecured _________ note issued by the firm to raise funds for a short-term period.
Commercial paper is an unsecured _________ note issued by the firm to raise funds for a short-term period.
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Solution
The correct option is A Promissory
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.
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.
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