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What is NOT true about Commercial Paper: 1 . It is usually issued by companies with a high credit standing. 2 . It is in

What is NOT true about Commercial Paper:
1. It is usually issued by companies with a high credit standing.
2. It is in the form of a promissory note redeemable at par to the holder on maturity and therefore does not require any guarantee.
3. It is non-transferable.
4. It is a short term promise to repay a fixed amount that is placed on the market either directly or through a specialized intermediary.

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