Which of the following is the term used to describe short-term, unsecured debt issued by large corporations, usually in denominations greater than $100,000 or more?
A) certificates of deposit
B) repurchase agreements
C) banker's acceptances
D) commercial paper

Question

Quizplus · Accepted Answer

Commercial paper is the term used to describe short-term, unsecured debt issued by large corporations with denominations greater than $100,000 or more. Certificates of deposit, repurchase agreements, and banker's acceptances are also types of short-term investments but do not fit this specific description.

Which of the Following Is the Term Used to Describe