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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


Team Careers360 6th Jan, 2024
Answer (1)
Team Careers360 11th Jan, 2024

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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