Commercial paper may either be dealer placed or directly placed. If it is dealer placed, the (61) sells its promissory notes

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问题 Commercial paper may either be dealer placed or directly placed. If it is dealer placed, the (61) sells its promissory notes to one of the ten-regular commercial paper dealers, which, in turn, sells it to others. If commercial paper is directly placed, the issuing corporation sells its notes directly in the market, without the intermediation of the (62) . This is the method used primarily by sales-finance companies because they (63) in the market on a virtually continuous basis. Sales-finance companies are companies that supply the credit for the installment purchase of major (64) items, for example, automobiles, refrigerators, and television sets. These companies find the commercial paper (65) particularly well suited to their needs since it enables them to adjust to swings in demand for installment purchases.

选项 A、issuing corporation
B、seller
C、dealer
D、issuing bank

答案A

解析 issuing corporation出单公司。promissory notes本票。由空格前一句所提到的dealer，可以排除C选项。seller销售者。issuing bank开证行。根据上下文应该是由公司来出售本票给商业票据经销者。

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本试题收录于： FECT综合（现代金融业务）题库金融英语（FECT）分类

FECT综合（现代金融业务）

金融英语（FECT）

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