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Issued by corporations, these unsecured debt instruments are used to fund corporate short-term financing requirements. If issued by a financially strong company, they have less risk.

Respuesta :

jepessoa

Answer:

commercial papers

Explanation:

Commercial papers are usually used to finance short term cash needs, since they generally have a maturity date of less than 270 days. They are considered current liabilities by the issuing corporations. Commercial papers are basically corporate promissory notes or IOUs.

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