题目
Which of the following statements relating to commercial paper is most accurate?
选项
A.There is no secondary market for trading commercial paper.
B.Only the strongest, highly rated companies issue commercial paper.
C.Commercial paper is a source of interim financing for long-term projects.
答案
C
解析
： C is correct. Companies use commercial paper not only as a source of funding working capital and seasonal demand for cash, but also as a source of interim financing for long-term projects until permanent financing can be arranged. A is incorrect because there is a secondary market for trading commercial paper, although trading is limited except for the largest issues. B is incorrect because commercial paper is issued by companies across the risk spectrum, although only the strongest, highly rated companies issue low-cost commercial paper. ： C是正确的。公司不仅利用商业票据作为流动资金和季节性现金需求的资金来源，而且还作为长期项目的临时融资来源，直到可以安排永久性融资。A是不正确的，因为有一个交易商业票据的二级市场，尽管交易是有限的，除了大规模发行。B是不正确的，因为商业票据是由风险范围内的公司发行的，尽管只有实力最强、评级较高的公司发行低成本的商业票据。