单选题 Which of the following statements accurately describes direct and dealer paper? A. The majority of direct paper issuers are financial companies. B. Direct paper is rated, whereas dealer paper is not. C. Direct paper tends to incur more issue costs versus dealer paper.

【正确答案】 A

【答案解析】Dealer paper is issued via agents, whereas direct paper is issued directly by the issuer. Both types of commercial paper are rated. Since it is issued directly by the company, direct paper is less expensive to issue.