Economics · Money Market Instruments
Which of the following is a short-term unsecured promissory note issued by highly rated corporate entities at a discount to face value and redeemable at par?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Promissory note
- 2Certificate of deposit
- 3Commercial paper✓
- 4Treasury bill
Correct answer
Commercial paper
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