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Question
A short term unsecured debt instrument issued by the corporate to meet their interim financial need, which is getting popular in Bangladesh is,
Commercial paper
Letter of credit
Forfeiting
Circular notes
ANSWER : 1
Descrption
Commercial paper is a money - market security issued (sold) by large corporations to obtain funds to meet short - term debt obligations (for example, payroll) and is backed only by an issuing bank or company promise to pay the face amount on the maturity date specified on the note
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