Which of the following best describes commercial paper? - 3478

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Which of the following best describes commercial paper? 
a.     Long-term promissory notes of large corporations that maintain high credit ratings 
b.     Short-term promissory notes of large corporations that maintain high credit ratings
c.     Preferred stock of large corporations that maintain high credit ratings 
d.     All of the above 
     e.     None of the above 

Solution Description

Which of the following best describes commercial paper? 
a.     Long-term promissory notes of