Discussion Forum : Nabard & Other Bank Examinations
Question -
Commercial paper issued with low interest rate thus commercial paper are categorized as
Answer: Option D
COMMERCIAL PAPER IS USUALLY SOLD AT A DISCOUNT FROM FACE VALUE AND GENERALLY CARRIES LOWER INTEREST REPAYMENT RATES THAN BONDS DUE TO THE SHORTER MATURITIES OF COMMERCIAL PAPER.
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COMMERCIAL PAPER IS USUALLY SOLD AT A DISCOUNT FROM FACE VALUE AND GENERALLY CARRIES LOWER INTEREST REPAYMENT RATES THAN BONDS DUE TO THE SHORTER MATURITIES OF COMMERCIAL PAPER.
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