Question

An unsecured short-term promissory note, negotiable and

Q: An unsecured short-term promissory note, negotiable and transferrable by endorsement and generally i

Commercialpaperisamoneymarketsecurityissuedsoldbylargecorporationstoobtainfundstomeetshorttermdebtobligationsforexamplepayrollandisbackedonlybyanissuingbankorcompanypromisetopaythefaceamountonthematuritydatespecifiedonthenote

transferrable by endorsement and generally issued at discount is known as-

A Demand Draft

B Certificate of Deposit

C Commercial Bill

D Commercial Paper

E None of the above

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SEBI Grade A

Question

An unsecured short-term promissory note, negotiable and

Solution

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