_____________ is a short-term unsecured promissory note issued by a high credit-quality corporation with maturities of one to three months in length with an active secondary money.

Question

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Commercial paper is a short-term unsecured promissory note issued by high credit-quality corporations with maturities of one to three months in length. It is actively traded in the secondary market and serves as a source of short-term funding for corporations. A negotiable certificate of deposit (NCD) is a type of time deposit issued by banks, not corporations, and is therefore not the best choice. A repurchase agreement is a short-term borrowing instrument typically used by banks, not corporations, to obtain overnight or short-term funding. Government bonds, while they may be short-term, are issued by governmental entities and not corporations.

_____________ Is a Short-Term Unsecured Promissory Note Issued by a High