AFP
CTP · Question #679
(Topic 7) A commercial paper issuer who repays investors earlier in the day than it receives funds from new investors often creates which of the following?
The correct answer is B. Daylight overdraft. See the full explanation below for the reasoning.
Question
- (Topic 7)
A commercial paper issuer who repays investors earlier in the day than it receives funds from new investors often creates which of the following?
Options
- ACollected overdraft
- BDaylight overdraft
- CDisbursement float
- DDual balances
How the community answered
(39 responses)- A13% (5)
- B79% (31)
- C5% (2)
- D3% (1)
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