___________ is a short-term unsecured promissory note issued by reputed business organisations at a price lower than its face value and redeemable at par

Q. ___________ is a short-term unsecured promissory note issued by reputed business organisations at a price lower than its face value and redeemable at par.

A.            Treasury bill

B.            Commercial paper

C.            Certificate of deposit

D.            Promissory note

Answer: Commercial paper