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What Is the Term Used for a Short-Term,unsecured Debt Sold

Question 76

Multiple Choice

What is the term used for a short-term,unsecured debt sold by a large company to an intermediary,who then resells the debt to investors in return for a fee for his or her services?


A) commercial paper
B) direct paper
C) dealer paper
D) unsecured paper
E) junk bond

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