Commercial paper has a maturity of ________
A) less than 270 days
B) nine to eighteen months
C) greater than one year
D) three to five years
Answer: A
Business
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A(n) ________ is a clause in an instrument that allows the payee or holder to speed up payment of the principal amount of the instrument, plus accrued interest, upon the occurrence of an event
A) acceleration clause B) prepayment clause C) extension clause D) forestallment clause
Business
An unsecured creditor is a creditor who has to rely on collateral to secure payment
Indicate whether the statement is true or false
Business