A short-term corporate equivalent of an IOU that is sold in the market place by a firm is called:
A. sinking bond. b. mortgage.
B. mortgage.
C. commercial paper.
D. convertible bonD.
Answer:C
A short-term corporate equivalent of an IOU that is sold in the market place by a firm is called:
A. sinking bond. b. mortgage. B. mortgage. C. commercial paper. D. convertible bonD.