Commercial paper is a short-term fund on deposit at commercial banks having variable yields based on size, maturity, and prevailing money market conditions.

Name: Commercial paper is a short-term fund on deposit at commercial banks having variable yields based on size, maturity, and prevailing money market conditions.
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Question

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Commercial paper is an unsecured, short-term debt instrument issued by corporations, not a deposit at commercial banks.

Commercial Paper Is a Short-Term Fund on Deposit at Commercial