_____________ is a promise of future payment issued by a firm and guaranteed by a bank that is used to finance international trade with typical maturities ranging from one to six months.
A) A negotiable certificate of deposit (NCD)
B) A repurchase agreement
C) Commercial paper
D) A banker's acceptance
E) none of the above
Correct Answer:
Verified
Q120: A monetary standard based on two metals,
Q121: _ is a short-term unsecured promissory note
Q122: _ is a short-term debt instrument issued
Q123: A _ is a short-term debt instrument
Q124: If annual GDP is $100 billion and
Q126: _ is a short-term debt security sold
Q127: A major factor in the severity of
Q128: _ accounts are increasingly used to make
Q129: _ is money, debt instruments, equity securities,
Q130: _ are very short-term loans, usually with
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