CFA Practice Question

There are 490 practice questions for this study session.

CFA Practice Question

Which of the following is an unsecured promissory note issued by corporations?
A. CDs
B. Bankers acceptance
C. Commercial paper
Explanation: Commercial paper is a short-term credit instrument issued by large business corporations to the public. Commercial paper usually comes in minimum denominations of $25,000 and represents an unsecured promissory note.

User Contributed Comments 1

User Comment
Rinoa86 Note is a short term fixed income product. Hence, commercial paper.
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