_____ is a shortterm unsecured, promissory notes issued by financial institutions and other major corporations.
A) Revolving trade agreement
B) Money market mutual fund
C) Corporate bond
D) Commercial paper

Question

_____ is a short­term unsecured, promissory notes issued by financial institutions and other major corporations.
A) Revolving trade agreement
B) Money market mutual fund
C) Corporate bond
D) Commercial paper

Quizplus · Accepted Answer

Commercial paper is a common form of short-term borrowing by corporations and financial institutions. It is typically issued at a discount and matures within 270 days. It is considered unsecured because it is not backed by collateral.

_____ Is a Short­term Unsecured, Promissory Notes Issued by Financial

_____ Is a Shortterm Unsecured, Promissory Notes Issued by Financial