Which of the following money market investments is a short-term,unsecured debt obligation issued by a large corporation? The minimum denomination is $25,000,but most have a face value of $100,000 or more.

Question

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Commercial paper is a short-term, unsecured debt obligation issued by large corporations with a minimum denomination of $25,000. Most have a face value of $100,000 or more. Banker's acceptance is a short-term, time draft drawn on a bank, while Repurchase agreements involve the sale of securities with a commitment to repurchase them at a specified price at a predetermined date. Certificates of Deposit (CDs) are time deposits issued by banks or financial institutions, and Treasury Bills are short-term, Government-issued debt securities with maturities of less than one year. Therefore, the correct answer is B) Commercial Paper.

Which of the Following Money Market Investments Is a Short-Term,unsecured