Commercial paper is a type of ___________________.

Fixed coupon Bond

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Unsecured, short-term debt

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Equity share capital

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Government Bond

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Solution

The correct option is C Unsecured, short-term debt
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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Similar questions

The term 'redeemable' is used for

(a) Preference shares

(b) Commercial paper

(d) Public deposits

A fixed asset should be financed through

(a) a long term liability

(b) a short term liability

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