Name the money market instrument, used by large and credit worthy companies to raise the short term funds at lower rates of interest than market rates.
Name the money market instrument, used by large and credit worthy companies to raise the short term funds at lower rates of interest than market rates.
Solution
✅ Correct Option: 2
Commercial paper is an unsecured, negotiable, short-term promissory note issued by large, credit-worthy companies to raise short-term funds at lower rates than banks' market lending rates.
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