Of which of the following instruments are issued at discount ?Question 6Answera.Bothb.Only Commercial Paperc.Commercial paperd.Certificate of Deposit
Question
Of which of the following instruments are issued at discount ?Question 6Answera.Bothb.Only Commercial Paperc.Commercial paperd.Certificate of Deposit
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Solution 1
Both Commercial Paper and Certificate of Deposit are issued at a discount. So, the answer is a. Both.
Here's why:
- Commercial Paper: It is a short-term unsecured promissory note issued by corporations and financial institutions at a predetermined interest rate. These are issued at a discount fr Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study problem.
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