The maturity period of a commercial paper usually ranges from ________.

20 to 40 days

No worries! We‘ve got your back. Try BYJU‘S free classes today!

60 to 90 days

No worries! We‘ve got your back. Try BYJU‘S free classes today!

120 to 365 days

No worries! We‘ve got your back. Try BYJU‘S free classes today!

90 to 364 days

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is D 90 to 364 days
Commercial paper is issued by a firm to raise funds for a short period of time, the time can be ranging from 90 days to 364 days after which it has to be redeemed. Commercial paper is an unsecured promissory note.

Suggest Corrections

Similar questions

The maturity period of a commercial paper usually ranges from

(a) 20 to 40 days

(b) 60 to 90 days

(d) 90 to 364 days

.24226

365 d a y s

To complete a work, A takes 50% more time than B. If together they take 18 days to complete the work, how much time shall B take to do it?

(a) 30 days

(b) 35 days

(d) 45 days

Join BYJU'S Learning Program