alleryA short-term unsecured promissory note issued by large creditworthy companies is:
AA treasury bill
BA commercial bill
CA call money loan
DCommercial paper
Answer & Solution
Correct answer: D. Commercial paper
1. It is negotiable and transferable by endorsement.
2. Maturity runs from 15 days to one year.
3. That is commercial paper.
_Source: syllabus Business Studies Part II, Chapter 10, Financial Markets._
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