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Hello pls kindly explain what is meant by ”money market lending is securitized” i dont understand arent Commercial papers unsecured
Strictly speaking you are correct. However given that they are issued by large companies with excellent credit ratings, they are very secure investments which is what the examiner was intending to mean.
(Out of interest, how did you find this examiners report since it is no longer available on the ACCA website? I know that lots of ACCA material is available on various websites, but they are illegally sharing copyright material which is why the ACCA is continually trying to shut these websites down, and have made it against their rules for students to access them (although obviously they cannot monitor that 🙂 ) It is only BPP and Kaplan that are allowed to print copies of ACCA material – they are approved and they pay for the right 🙂 )
oh, Actually it was there on acca website months ago, and then yesterday I came across this MCQ again in bpp kit.
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