Which of the following assets are not included in the asset class, BONDS, according to the definitions used in this book?
A)commercial paper
B)long-term Treasury bonds
C)municipal bonds
D)All of the above are classified as bonds as defined by the chapter.

Question

Quizplus · Accepted Answer

Commercial paper is a short-term unsecured promissory note issued by corporations, which is not classified as a bond but rather as a money market instrument. Bonds are typically long-term debt securities.

Which of the Following Assets Are Not Included in the Asset