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Short term promissory notes and are unsecured, not collateralized against securities is classified as
Answer & Solution
Correct Answer:
Option
C
Short term promissory notes and are unsecured, not collateralized against securities is 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.
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