Which statement is false?

A. Both commercial paper and bankers' acceptances have short maturities.

B. Both commercial paper and bankers' acceptances are used for specific commercial transactions.

C. Bankers' acceptances are issued at a discount to face value.

D. Commercial paper is often rolled over by the issuing corporation.

Suppose a securities dealer sells a repo (repurchase agreement) to an investor. Which of the following is not true?

A. The investor could "flip" the repo by quicky selling it to another investor and then buying it back before it matures.

B. The repo is usually collateralized by government debt instruments.

C. The buyer (investor) might be purchasing the repo to reduce total portfolio risk.

D. The buyer (investor) and seller (securities dealer) cannot switch roles for a given repurchase agreement.