题目
Eurocommerical paper is most likely:
选项
A.negotiable.
B.denominated in euro.
C.issued on a discount basis.
答案
A
解析
： A is correct. Commercial paper, whether US commercial paper or Eurocommercial paper, is negotiable—that is, investors can buy and sell commercial paper on secondary markets. B is incorrect because Eurocommercial paper can be denominated in any currency. C is incorrect because Eurocommercial paper may be issued on an interest-bearing (or yield) basis or a discount basis. ： A是正确的。商业票据，无论是美国商业票据还是欧洲商业票据，都是可转让的，即投资者可以在二级市场买卖商业票据。B是不正确的，因为欧洲商业票据可以以任何货币计价。C是不正确的，因为欧洲商业票据可能是在计息（或收益率）基础上或贴现基础上发行的。