A short-term debt instrument issued by well-known corporations is called
A)commercial paper.
B)corporate bonds.
C)municipal bonds.
D)commercial mortgages.

Question

Quizplus · Accepted Answer

The term "commercial paper" specifically refers to short-term debt instruments issued by corporations that have a good credit rating and are well-known in the market. Corporate bonds may have longer maturities and can be issued by companies with varying credit ratings. Municipal bonds are issued by state or local governments and commercial mortgages are loans used to finance commercial real estate.

A Short-Term Debt Instrument Issued by Well-Known Corporations Is Called