Exam Question
Commercial paper may best be defined as
- 1) a short term obligation of the government issued to commercial investors
- 2) short term unsecured promissory notes issued by corporations
- 3) an insignificant source of funds to large corporations
- 4) the debt obligations of chartered banks
View Answer
Answer 2) short term unsecured promissory notes issued by corporations
Practice set and Exam Quiz
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