A debt security sold by large corporations to raise shortterm funds is known as a(n)

Name: A debt security sold by large corporations to raise shortterm funds is known as a(n)
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Question

A debt security sold by large corporations to raise short­term funds is known as a(n)​

Quizplus · Accepted Answer

Commercial paper is a short-term debt security that is issued by large corporations to raise funds. Treasury bills are issued by the government, and debentures and bonds are long-term debt securities. Therefore, the best choice is A - commercial paper.

A Debt Security Sold by Large Corporations to Raise Short­term

A Debt Security Sold by Large Corporations to Raise Shortterm