Question: Commercial paper is? Multiple Choice A) a time draft payable to a seller of goods, with payment guaranteed by a bank. B) short-term funds transferred

Commercial paper is?

Multiple Choice A) a time draft payable to a seller of goods, with payment guaranteed by a bank. B) short-term funds transferred between financial institutions usually for no more than one day. C) a short-term unsecured promissory note issued by a company to raise funds for a short time period. D) a loan to an individual or business to purchase a home, land, or other real property. E) a marketable bank-issued time deposit that specifies the interest rate earned and a fixed maturity date.

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