____ is an unsecured short-term promissory note.
A) certificate of deposit
B) commercial paper
C) bankers' acceptance
D) repurchase agreement

Question

Quizplus · Accepted Answer

Commercial paper is an unsecured short-term promissory note issued by large corporations to raise funds to meet short-term obligations. Certificate of deposit is a time deposit that cannot be withdrawn before the maturity date. Bankers' acceptance is a time draft drawn on and accepted by a bank, and repurchase agreement is a secured short-term loan where securities are sold and later bought back at an agreed-upon price.

____ Is an Unsecured Short-Term Promissory Note