________ is/are a short-term,generally unsecured.corporate IOUs issued by the "most credit-worthy" firms.

Question

Quizplus · Accepted Answer

Commercial paper refers to short-term, unsecured corporate IOUs issued by the most credit-worthy firms. Repurchase agreements are agreements to sell securities with a promise to repurchase them later at a higher price, Negotiable CDs are certificates of deposit that can be bought and sold in a secondary market, and Treasury bills are short-term securities issued by the government to fund its operations.

________ Is/are a Short-Term,generally Unsecured