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Which was likely the FIRST of the following metabolic pathways or structures to evolve?
Commercial Paper
An unsecured, short-term debt instrument issued by corporations.
Treasury Bills
Short-term government securities issued at a discount from their face value, maturing in a year or less.
Low Default Risk
A classification for bonds or other forms of debt that are deemed to have a minimal chance of the issuer failing to make the required payments.
Money Market
The money market is a segment of the financial market in which financial instruments with high liquidity and very short maturities are traded, intended for short-term borrowing and lending.
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