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Unsecured, negotiable, short-term bearer instruments issued by commercial banks are:
ATreasury bills of state
BCommercial bills of trade
CCall money instruments
DCertificates of deposit
Answer & Solution
Correct answer: D. Certificates of deposit
1. They are issued when deposit growth is slow.
2. They mobilise large amounts for short periods.
3. These are certificates of deposit.
_Source: NCERT Class 12 Business Studies Part II, Chapter 10, Financial Markets._
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