Which of the following money market investments is a short-term,unsecured debt obligation issued by a large corporation? The minimum denomination is $25,000,but most have a face value of $100,000 or more.

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The investment described here is commercial paper, which is a short-term, unsecured debt obligation issued by large corporations with a minimum denomination of $25,000 but face values usually of $100,000 or more. Banker's acceptances, repurchase agreements, certificates of deposit, and Treasury bills are all money market investments, but they do not fit the description given for this particular investment.

Which of the Following Money Market Investments Is a Short-Term,unsecured