A short-term IOU offered by major corporations that is of short maturity (most of these lOUs mature in 90 days or less)is known as a CMO.

Name: A short-term IOU offered by major corporations that is of short maturity (most of these lOUs mature in 90 days or less)is known as a CMO.
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A short-term IOU offered by major corporations that is of short maturity is known as a commercial paper not a CMO. A CMO stands for collateralized mortgage obligation, which is a type of mortgage-backed security.

A Short-Term IOU Offered by Major Corporations That Is of Short