Commercial paper is a short-term security issued by ________ to raise funds.

Name: Commercial paper is a short-term security issued by ________ to raise funds.
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Commercial paper is typically issued by large, well-known companies to raise short-term funds for operational needs. The Federal Reserve Bank and New York Stock Exchange do not issue commercial paper, and while commercial banks may issue their own short-term securities, they are not generally referred to as commercial paper.

Commercial Paper Is a Short-Term Security Issued by ________ to Raise