Answer: A. Ordinarily does not have an active secondary market
Step-by-step explanation:
Commercial paper is a promissory note that is unsecured and pays a fixed interest rate. Commercial paper can be sold by big banks and also by corporations in order for them to cover their short-term receivables and also for them to be abke to meet their short-term financial obligations.
Commercial paper is for short-term basis and rarely lasts for more than 9 months. It should be noted that commercial paper is not as liquid as the treasury bills, dur to the fact that it does not ordinarily have a secondary market that is active.