Q389
Maximum maturity days of holding commercial paper are
A.
170 days
B.
270 days
AnswerC.
120 days
D.
5 days
Answer: Option B
Solution
Answer: Option B
Solution:
Maximum maturity days of holding commercial paper are 270 days. Commercial paper, in the global financial market, is an unsecured promissory note with a fixed maturity of not more than 270 days.