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Why has the commercial paper market been dominated by the largest and most creditworthy firms? , A. commercial paper bears only the name of the issuer and is unsecured , , B. the largest companies can afford the flotation costs , , C. credit reporting agencies screen out smaller firms , , D. commercial paper is issued at a discount ,Reset Selection,, ,Question 13 of 20 5.0 Points ,,All of the following are major forms of bank financing EXCEPT , A. overdrafts , , B. factoring , , C. discounting , , D. term loans ,Reset Selection,, ,Question 14 of 20 5.0 Points ,,One advantage of the use of fees or royalties to manage the MNC’s cash flow is _______. , A. less communications costs , , B. less exchange rate risk , , C. more favorable tax treatment by the parent country’s government , , D. less suspicion by the host government , ,

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