CFA Practice Question

There are 490 practice questions for this study session.

CFA Practice Question

Commercial papers ______.

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 4

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*
mali97 wordplay
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