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Q:

What defines commercial paper?

  • 1
    long term debt issued by private corporations
  • 2
    short term and unsecured promissory notes issued by corporations with very high credit rating standings
  • 3
    savings instrument in which funds must remain on deposit for a specified period
  • 4
    a and c
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Answer : 2. "short term and unsecured promissory notes issued by corporations with very high credit rating standings"

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