CFA Practice Question
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
Correct Answer: I, II and III
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* |