Commercial paper is a short-term security issued by ________ to raise funds.
A) the Federal Reserve Bank
B) commercial banks
C) large, well-known companies
D) the New York Stock Exchange
E) state and local governments

Question

Quizplus · Accepted Answer

Commercial paper is a short-term, unsecured promissory note issued by large, well-known companies to raise funds. It is a common way for corporations to finance their short-term liquidity needs.

Commercial Paper Is a Short-Term Security Issued by ________ to Raise