Which one of the following statements is NOT correct? Commercial paper is sold on a discount basis. Only firms with excellent credit ratings are able to borrow funds in this manner. Commercial paper consists of short-term unsecured promissory notes issued by major corporations. Borrowing via commercial paper is a reliable source of funds for firms. Question 5 ( 4 points) Which one of the following statement is NOT correct? A spot rate is the rate applied to buy currency for immediate delivery. Direct quotation measures how many U.S. dollars are required to buy one unit of foreign currency. Indirect quotation measures how many units of foreign currency are required to buy one U.S. dollar. A cross rate is the exchange rate between a foreign curre