The Commercial Paper market was developed to do which of the following (choose the best answer) To help commercial banks

[answerhappygod]

The Commercial Paper market was developed to do which of the
following (choose the best answer)
To help commercial banks make more loans to highly rated
companies
To help highly rated companies borrow money to manage short term
timing mismatches between the payment of expenses and the receipt
of revenues
To provide insurance companies with a long term debt instrument
to invest in to help manage their assets and liabilities
None of the above