Question

Large well-known companies often issue their own short-term unsecured debt notes directly to the public, rather...

Large well-known companies often issue their own short-term unsecured debt notes directly to the public, rather than borrowing from banks; their notes are called _________.

bankers' acceptances

certificates of deposit

commercial paper

repurchase agreements

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Answer #1

Commercial papers are the short-term unsecured debt issued by many well-known companies. These are much popular in money market.

Hence, correct option is “Commercial paper”

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