____ is a short-term debt instrument issued only be well-known, creditworthy firms and is normally issued to provide liquidity or finance a firm's investment in inventory and accounts receivable.

Question

Quizplus · Accepted Answer

Commercial paper is a short-term debt instrument issued by creditworthy firms to provide liquidity or finance a firm's investment in inventory and accounts receivable. It is typically issued for a period of up to 270 days and can be traded on the open market. Options A, B, and D are not the best choices as they do not fit the description provided in the question.

____ Is a Short-Term Debt Instrument Issued Only Be Well-Known