Question : Which of the following is not a type of commercial paper?
Option 1: Unsecured commercial paper
Option 2: Secured commercial paper
Option 3: non-convertible commercial paper
Option 4: Convertible commercial paper
Correct Answer:
Secured commercial paper
Solution : b). Secured commercial paper
Secured commercial paper is not a type of commercial paper. Commercial paper refers to short-term debt instruments issued by corporations, financial institutions, and government entities to meet their short-term funding needs. The options listed include various types of commercial paper except for "b). Secured commercial paper." Commercial paper is typically unsecured, meaning it is not backed by specific collateral. The correct answer is option b.
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