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Question 6 Which of the following issues commercial paper? depository institutions U.S. government banks business firms and i
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Answer #1

Commercial paper is Unsecured debt issued by Large Banks or corporation to meet short term obligations like payroll, accounts payable etc.

Authority to issue Commercial paper is with Banks or financial institution having specified net worth.

Generally it is issued at Discount and redeemed at par.

So answer is Banks

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