Promissory notes issued by company for short term fund raising and are unsecured are classified as
A. unsecured notes
B. debt paper
C. term paper
D. commercial paper
Answer: Option D
Solution (By Examveda Team)
Promissory notes issued by company for short term fund raising and are unsecured are classified as commercial paper. Commercial paper is an unsecured, short-term debt instrument issued by a corporation, typically for the financing of accounts payable and inventories and meeting short-term liabilities.This Question Belongs to Management >> International Finance And Treasury
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