Short-term debt securities that are unsecured obligations issued by corporations are called:
A)Treasury bills.
B)Debentures.
C)Commercial paper.
D)All of the above.

Question

Quizplus · Accepted Answer

Treasury bills are short-term debt securities that are issued by the government, not corporations. Debentures are also a type of corporate debt security, but they are typically long-term and can be secured by the issuer's assets. Therefore, the correct answer is commercial paper, which refers specifically to unsecured short-term debt securities issued by corporations.

Short-Term Debt Securities That Are Unsecured Obligations Issued by Corporations