Multiple Choice
_____________ is a short-term debt instrument issued by commercial banks in denominations of $100,000 or more with typical maturities ranging from one month to one year that have an active secondary market that allows short-term investors to easily match their cash or liquidity needs when they arise.
A) A negotiable certificate of deposit (NCD)
B) A repurchase agreement
C) Commercial paper
D) Government bond
Correct Answer:
Verified
Correct Answer:
Verified
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