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Tyroc5ksNicornetV
Tyroc5ksNicornetV Tyroc5ksNicornetV
  • 05-05-2016
  • Business
Answered

Consist(s) of short-term unsecured promissory notes issued by financial institutions and other major corporations.

Verified Answer :

andriansp andriansp
  • 12-05-2016

The answer would be : commercial papers

Usually, companies issued commercial papers to finance account receivable , inventories, or meeting some short-term liabilities. The maturity of commercial papers is usually less than a year and usually issued at a discount to prevail market fluctuation

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