___________ is a short-term unsecured promissory note issued by reputed business organisations at a price lower than its face value and redeemable at par.
A)Treasury bill
B)Commercial paper
C)Certificate of deposit
D)Promissory note

Question

Quizplus · Accepted Answer

Commercial paper is a financial instrument issued by large corporations to obtain funds to meet short-term debt obligations. It is unsecured, issued at a discount, and redeemable at face value at maturity.

___________ Is a Short-Term Unsecured Promissory Note Issued by Reputed