A ________ is a short-term, unsecured promissory note issued by a corporation with a very high credit standing.
A) negotiable certificate of deposit
B) repurchase agreement
C) money market mutual fund
D) commercial paper

Question

Quizplus · Accepted Answer

Commercial paper fits the description of a short-term, unsecured promissory note issued by a corporation with a very high credit standing. Negotiable certificates of deposit, repurchase agreements, and money market mutual funds are different types of short-term investments but do not specifically meet the description given in the question.

A ________ Is a Short-Term, Unsecured Promissory Note Issued by a Corporation