Business Studies · Financial Markets
Which of the following instruments is a short-term, unsecured promissory note issued by highly rated corporate entities at a discount to its face value and redeemable at par?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Commercial Bill
- 2Certificate of Deposit
- 3Commercial Paper✓
- 4Treasury Bill
Correct answer
Commercial Paper
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