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________ Is a Short-Term, Unsecured Promissory Note Issued by Firms

Question 152

Multiple Choice

________ is a short-term, unsecured promissory note issued by firms with a high credit standing. These notes are primarily issued by commercial finance companies.


A) A line of credit
B) Commercial paper
C) A revolving line of credit
D) A self-liquidating loan

Correct Answer:

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