Question: Commercial paper was a popular financing method before the credit crunch of 2007-08 due to: Multiple Choice Higher borrowing rates for qualified firms compared to

Commercial paper was a popular financing method before the credit crunch of 2007-08 due to: Multiple Choice Higher borrowing rates for qualified firms compared to bank rates Decreased ability of corporations to raise short-term funds. Decrease in government borrowing. Lower costs to borrowers for bankers' acceptances

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