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CTP · Question #521
CTP Question #521: Real Exam Question with Answer & Explanation
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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.
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