A. issued by commercial banks
B. directly
C. with brokers or dealers
D. functional buyers
✅ The correct answer is option B.
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.
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.