What is the term for short-term unsecured promissory notes issued by financial institutions and other major corporations?
A)C-notes
B)T-bills
C)money market mutual funds
D)commercial paper

Question

Quizplus · Accepted Answer

The term for short-term unsecured promissory notes issued by financial institutions and other major corporations is commercial paper. C-notes are not a term commonly used in finance, T-bills are short-term government securities, and money market mutual funds are investment vehicles that invest in short-term debt securities such as commercial paper.

What Is the Term for Short-Term Unsecured Promissory Notes Issued