Explain The Characteristics Of Commercial Paper And What Is Put In Place To Crea

Explain the characteristics of commercial paper and what is put in place to create a secondary market for commercial paper and Address how a firm uses commercial paper to meet their short term borrowing needs.

Commercial PaperCommercial Paper can be defined as the unsecured, short-term debt instrument issued bya company generally for financing of accounts receivable, inventories and fulfilling short…