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Question

Commercial paper is a type of ___________________.

A
Fixed coupon Bond
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B
Unsecured, short-term debt
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C
Equity share capital
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D
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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