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Name the money market instrument, used by large and credit worthy companies to raise the short terms funds at lower rates of interest than market rates.
  • a)
    Call money
  • b)
    Commercial Papers
  • c)
    Certificate of Deposit
  • d)
    Commercial Bill
Correct answer is option 'B'. Can you explain this answer?
Most Upvoted Answer
Name the money market instrument, used by large and credit worthy comp...
Commercial Papers is issued by large and creditworthy companies to raise short-term funds at lower rates of interest than market rates. It usually has a maturity period of 15 days to one year
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Name the money market instrument, used by large and credit worthy companies to raise the short terms funds at lower rates of interest than market rates.a)Call moneyb)Commercial Papersc)Certificate of Depositd)Commercial BillCorrect answer is option 'B'. Can you explain this answer?
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