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11 April, 12:45

Consist (s) of short-term unsecured promissory notes issued by financial institutions and other major corporations.

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  1. 11 April, 16:43
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    The answer would be : commercial papers

    Usually, companies issued commercial papers to finance account receivable, inventories, or meeting some short-term liabilities. The maturity of commercial papers is usually less than a year and usually issued at a discount to prevail market fluctuation
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