A Negotiable,unsecured,short-Term Promissory Note That Is Issued in Euromarkets and in Several

question 22

Multiple Choice

A negotiable,unsecured,short-term promissory note that is issued in Euromarkets and in several domestic markets is known as:

• A)a eurobond.
• B)a Eurocurrency term loan.
• C)commercial paper.
• D)a bearer security.

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Definitions:

Executive Act

Actions taken by an executive branch of government, including decisions, policies, rules, or laws implemented by executive authority.

Legislative Act

A law or statute enacted by a legislative body.

Foreign Sales Representative

An agent who distributes, represents, or sells goods on behalf of a foreign seller, usually in return for the payment of a commission.

Distributor

A merchant who purchases goods from a seller for resale in a foreign market.