A short-term interest-bearing time draft created by a high-quality bank is called:

A short-term interest-bearing time draft created by a high-quality bank is called:

A short-term interest-bearing time draft created by a high-quality bank is called:



a.)commercial paper.

b.)a bankers acceptance.

c.)a Eurodollar deposit.

d.)a reverse repurchase agreement.

e.)a negotiable CD.



Answer: B


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