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Which of the Following Statements Is True

Question 66

Multiple Choice

Which of the following statements is true?


A) A commercial paper is an unsecured long-term debt instrument issued by corporations.
B) A commercial paper is a secured long-term debt instrument issued by corporations.
C) A commercial paper is a secured short-term debt instrument issued by corporations.
D) A commercial paper is an unsecured short-term debt instrument issued by corporations.

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