Commercial paper is a short-term security issued by（）to raise funds.

A、There is no secondary market for trading commercial paper

B、Only the strongest, highly rated companies issue commercial paper

C、Commercial paper is a source of interim financing for long-term projects

D、空

In many commercial businesses,______(计算机已在很大程度上替代了) paper work because they are fast, flexible and reliable.

商业票据 （commercial paper) 名词解释

or perform______ is a kind of clean L/C. It is also called commercial paper L/C, or guarantee L/C , or performance L/C.

A、it is backed (secured) by some bundle of assets

B、its maturity usually extends well beyond 1 year

C、both A and B of the above

D、neither A nor B of the above

As issuers of commercial paper, business firms are______.

A．increasing their assets

B．raising temporary cash in the money market

C．acting as saver-lenders

D．all of the above

A、Fund market

B、Bond market

C、Stock market

D、Commercial paper market

Commercial paper may either be dealer placed or directly placed. If it is dealer placed, the (61) sells its promissory notes to one of the ten-regular commercial paper dealers, which, in turn, sells it to others. If commercial paper is directly placed, the issuing corporation sells its notes directly in the market, without the intermediation of the (62) . This is the method used primarily by sales-finance companies because they (63) in the market on a virtually continuous basis. Sales-finance companies are companies that supply the credit for the installment purchase of major (64) items, for example, automobiles, refrigerators, and television sets. These companies find the commercial paper (65) particularly well suited to their needs since it enables them to adjust to swings in demand for installment purchases.

(46)

A．issuing corporation

B．seller

C．dealer

D．issuing bank