Solved

_____________ Is a Promise of Future Payment Issued by a Firm

Question 17

Multiple Choice

_____________ is a promise of future payment issued by a firm and guaranteed by a bank that is used to finance international trade with typical maturities ranging from one to six months.


A) A negotiable certificate of deposit (NCD)
B) A repurchase agreement
C) Commercial paper
D) A banker's acceptance
E) none of the above

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q3: Inflation is<br>A) an increase in the purchasing

Q12: Which of the following statements is false?<br>A)Until

Q13: The public's holdings of U.S.savings bonds are

Q19: Deposit money is backed by:<br>A)gold<br>B)silver<br>C)creditworthiness of the

Q20: _ is a short-term debt instrument issued

Q21: Eurodollars are included in<br>A)M1<br>B)M2<br>C)both the above<br>D)neither the

Q22: One reason the Fed defines so many

Q57: Which of the following is not a

Q68: "Continentals" were backed by<br>A) gold<br>B) silver<br>C) possible

Q73: A central bank defines and regulates the