AFP
CTP · Question #521
(Topic 6) Which of the following is NOT characteristic of commercial paper with a term of less than 270 days?
The correct answer is D. It must be registered with the SEC. See the full explanation below for the reasoning.
Question
- (Topic 6)
Which of the following is NOT characteristic of commercial paper with a term of less than 270 days?
Options
- AIt is usually sold through a dealer.
- BIt is considered an unsecured promissory note.
- CIt typically costs less than bank debt.
- DIt must be registered with the SEC.
How the community answered
(34 responses)- A12% (4)
- B3% (1)
- C9% (3)
- D76% (26)
Community Discussion
No community discussion yet for this question.