Which of the following is an unsecured short-term promissory note issued by a public firm to raise short-term cash, often to finance working capital requirements?
A) initial public offering
B) angel capital
C) venture capital
D) commercial paper

Question

Quizplus · Accepted Answer

Commercial paper is an unsecured short-term promissory note issued by a public firm to raise short-term cash, often to finance working capital requirements. An initial public offering (IPO) is a process of offering shares of a private corporation to the public in a new stock issuance. Angel capital and venture capital refer to early-stage funding provided by high net worth individuals or firms to start-up companies in exchange for ownership or convertible debt.

Which of the Following Is an Unsecured Short-Term Promissory Note