________ is a short-term promissory note sold by large corporations to raise cash.

Question

Quizplus · Accepted Answer

Commercial paper is a short-term promissory note typically issued by large corporations to raise funds for short term obligations, such as payroll or accounts payable. It is often sold to institutional investors such as pension funds or money market mutual funds. Repurchase agreements involve the sale of securities with a commitment to repurchase them at a later date, money-market mutual funds are investment funds that invest in short-term debt securities, and U.S. Treasury bills are short-term debt securities issued by the U.S. government.

________ Is a Short-Term Promissory Note Sold by Large Corporations