CFA Practice Question
All of the following are true about medium-term notes except that ______.
B. they may have a fixed or floating rate.
C. they have maturities greater than one year but less than 15 years.
D. they were initially introduced to fill the funding gap between commercial paper and long term bonds.
A. they are issued on a continuous basis.
B. they may have a fixed or floating rate.
C. they have maturities greater than one year but less than 15 years.
D. they were initially introduced to fill the funding gap between commercial paper and long term bonds.
Correct Answer: C
User Contributed Comments 3
| User | Comment |
|---|---|
| kalps | >9m ,30yrs |
| anricus | I also thought they were issued on a continuous basis? |
| anricus | Ignore last comment! |