Albee Construction Company,a financially strong corporation that builds roads and bridges,finances its equipment leases by issuing unsecured short-term debt,which is known as which of the following?

Question

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Albee Construction Company finances its equipment leases by issuing unsecured short-term debt, which is commonly known as commercial paper. Commercial paper is a type of unsecured debt instrument issued by companies to meet short-term financial obligations. It is often used by corporations with strong credit ratings to finance ongoing operations or investment expenditures.

Albee Construction Company,a Financially Strong Corporation That Builds Roads and Bridges,finances