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Question : Which money market instrument is highlighted in the given statement?
Statement: This source of finance known as bridge financing.

Option 1: Treasury bill

Option 2: Commercial paper

Option 3: Call money

Option 4: All of the above

 


Team Careers360 21st Jan, 2024
Answer (1)
Team Careers360 22nd Jan, 2024

Correct Answer: Commercial paper


Solution :  The money spend in meeting the floatation course can be met  by issuing commercial paper. Commercial paper is also known as bridge financing.

Hence, option B is correct.

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