Commercial paper may either be dealer placed or directly placed.If it is dealer placed, th

ercial banks.

A．Right

B．Wrong

C．Doesn't say

A commercial paper is essentially a promissory note, secured and with a maturity date.

A．正确

B．错误

听力原文：You placed the order for the fax paper I asked for, didn't you？

(A) Yes, I placed the paper in front of the fax machine.

(B) Certainly, right after you left.

(C) In chronological order.

(12)

A．

B．

C．

Commercial paper represents the______.

A．short-term liabilities of international trading companies

B．capital assets of business firms

C．long-term liabilities of commercial banks

D．short-term liabilities of prime corporations

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.

Commercial paper______.

A．is issued mainly by commercial banks

B．can be either short or long-term debt

C．is most typically issued in very short maturities, such as one or two months

D．ought to be considered a capital market instrument

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