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Max co is large multinational company which expects to have $10m cash deficit in one months time. The deficit to expected no more than 2 months. Max wishes to resolve its short term liquidity problem by issuing appropriate instruments on the money market.
-Commercial paper
-Interesrt rate future
-Corporate loan notes
-Treasury billRight answer is commercial paper, why can’t be treasury bill?
Also what’s the difference between commercial paper and commercial bill?
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