alleryA financially strong corporation issues an unsecured short-term IOU. That instrument is:
ACommercial paper
BCommercial permit
CCommercial parcel
DCommercial packet
Answer & Solution
Correct answer: A. Commercial paper
1. It carries no security behind it.
2. Only strong issuers can sell it.
3. It is commercial paper.
_Source: OpenStax Introduction to Business, Chapter 16, Understanding Financial Management and Securities Markets._
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