Financial instrument such as commercial paper can be sold

A. issued by commercial banks

B. directly

C. with brokers or dealers

D. functional buyers

Answer: Option B

Solution(By Examveda Team)

Financial instrument such as commercial paper can be sold directly. 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. Maturities on commercial paper rarely range longer than 270 days.