Which of the following is NOT a characteristic of commercial paper?
A) It is issued by large firms.
B) It has a one- to two-year maturity.
C) Its rates are usually below prime rates on business loans.
D) All of these options are commercial paper characteristics.
B) It has a one- to two-year maturity.
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Answer the following statement true (T) or false (F)
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What will be an ideal response?
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