________ is a short-term,unsecured discount note issued by corporate borrowers of high credit standing.The major banks generally issue these notes on their behalf.
A) A line of credit
B) Commercial paper
C) A revolving line of credit
D) A fully drawn advance

Question

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Commercial paper is a short-term, unsecured discount note issued by corporate borrowers of high credit standing. The major banks generally issue these notes on their behalf. A line of credit is a pre-approved amount of credit that a borrower can draw from as needed, while a revolving line of credit allows the borrower to borrow and repay funds within a certain limit. A fully drawn advance is a loan where the entire amount is disbursed at once and interest is charged on the full amount from the beginning.

________ Is a Short-Term,unsecured Discount Note Issued by Corporate Borrowers