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Q1. Define the commercial paper and explain the changes in outstanding value of commercial papers before and after global financial crisis through the given statistics

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Q1. Define the commercial paper and explain the changes in outstanding value of commercial papers before and after global financial crisis through the given statistics for money market instruments below. (30 MARKS) Outstanding amounts of Commercial Papers (CP) and Treasury-Bills (T-Bill) 2000 2013 CP 35.6% CP 18.9% 33.7% 14.4% T-Bill T-Bill

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