A short term unsecured debt instrument issued by the corporate to meet their interim financial need, which is getting popular in Bangladesh is,
A
Commercial paper
B
Letter of credit
C
Forfeiting
D
Circular notes
Correct Answer: Commercial paper
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