Large, highly rated firms sometimes sell commercial paper:
A. To borrow funds at a lower rate than through a bank.
B. To earn a profit on the paper.
C. To avoid paperwork.
D. Because the interest rate is locked in by the Federal Reserve Board.
Answer: A
If the answers is incorrect or not given, you can answer the above question in the comment box. If the answers is incorrect or not given, you can answer the above question in the comment box.