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Basic Question 3 of 15
Commercial papers ______.
II. are very thinly traded in the secondary market
III. are usually backed by unused bank credit lines
I. have maturities that are typically less than 90 days
II. are very thinly traded in the secondary market
III. are usually backed by unused bank credit lines
User Contributed Comments 3
| User | Comment |
|---|---|
| khalifa92 | book says upto 270 days in the us and 364 in eurocommerical paper |
| bushi | @khalifa92: there is a difference between "up to" and "typical". |
| khalifa92 | *thumbs up* |
I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.
Tamara Schultz
Learning Outcome Statements
compare short-term funding alternatives available to corporations and financial institutions
CFA® 2025 Level I Curriculum, Volume 4, Module 4.