The maturity period of a commercial paper usually ranges from
(a) 20 to 40 days (b) 60 to 90 days (c) 120 to 365 days (d) 90 to 364 days
Answers
Answer:
The maturity period of a commercial paper usually ranges from 90 to 364 days
Among the given options option (d) 90 to 364 days is a correct answer.
Explanation:
Commercial paper is promissory note. It is unsecured . Commercial papers are issued by one firm to other firm or an insurance company or Bank for shorter period. RBI (Reserve Bank of India) regulate the issue of commercial papers.Commercial papers are short term financing instruments for the company.
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The maturity period of a commercial paper usually ranges from 90 to 364 days