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What Is the Term Used for a Short-Term, Unsecured Debt

Question 92

Multiple Choice

What is the term used for a short-term, unsecured debt sold by a large company to an intermediary, who then resells the debt to investors in return for a fee for his or her services?


A) commercial paper
B) direct paper
C) dealer paper
D) unsecured paper

Correct Answer:

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