Which of the following is not a true statement about commercial paper? - 4683

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Which of the following is not a true statement about commercial paper? 

A) Finance paper is sold directly to the lender by the finance company.

B) Finance paper is also referred to as direct paper.

C) Dealer paper is sold directly to the lender by a finance company.

D) Industrial companies, utility firms or finance companies too small to sell direct paper sell dealer paper.

 

Answer: C Difficulty: Medium Type: Memorization 

 

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