Commercial papers cannot be converted in to cash with easy and quick transactions because of lack of

A. organized secondary markets

B. organized primary market

C. organized interest markets

D. organized money markets

Answer: Option A

Solution(By Examveda Team)

Commercial papers cannot be converted in to cash with easy and quick transactions because of lack of organized secondary markets. Commercial paper is an unsecured, short-term debt instrument issued by a corporation, typically for the financing of accounts payable and inventories and meeting short-term liabilities.