________ offers financially stable corporations a technique to raise short-term funds by issuing unsecured promissory notes to the general public with the promise of repayment within 270 days.

Question

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Commercial paper is a short-term financial instrument that is issued by financially stable corporations to raise funds. It is an unsecured promissory note that is usually issued for a period of 270 days or less. Commercial paper is considered to be a cheaper and more flexible source of short-term funds as compared to traditional bank loans. It is usually issued in denominations of $100,000 or more and is sold to institutional investors, corporations, and other entities.

________ Offers Financially Stable Corporations a Technique to Raise Short-Term