Which One of the Following Is Unsecured Debt Issued by Corporations

question 101

Multiple Choice

Which one of the following is unsecured debt issued by corporations on a short-term basis?

• A)commercial paper
• B)interbank offered loan
• C)equipment bond
• D)collateralized debt
• E)banker's acceptance

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Definitions:

Substitution Effect

The economic principle indicating how consumers react to a change in price by substituting a more expensive item with a cheaper alternative.

Price

The total money demanded to secure a good or service.

Delphiniums

A genus of flowering plants known for their tall spikes of colorful flowers, often used in gardens and floral arrangements.

Second-Class Tickets

Tickets offering a level of service or comfort below first-class, usually at a lower price, common in transportation and entertainment venues.