Q993
Low default-risk security issued by financially secure firms is classified as
A.
U.S treasury bills
B.
commercial paper
AnswerC.
certificate of deposit
D.
mutual funds
Answer: Option B
Solution
Answer: Option B
Solution:
Low default-risk security issued by financially secure firms is classified as commercial paper. Commercial paper is an unsecured, short-term debt instrument issued by a corporation, typically for the financing of accounts payable and inventories and meeting short-term liabilities.