Which of the following is the correct definition of the term commercial papers?begin{enumerate}item It is nothing but the popular name of the judicial stamp papers used to register financial transactions.item It is one of the instruments through which corporates raise debt from the market.item It is the name of the Certificate of Deposits (CD) provided by the bank to its retail customers.end{enumerate}Select the correct answer using the codes given below:

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Which of the following is the correct definition of the term commercial papers?

A	provided by the bank to its retail customers.
B	Only 1
C	Only 2
D	Only 3
E	Both 1 and 2

Explanation:

There is 1 question to complete.