Unsecured debt issued by corporations on short-term basis

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Reference no: EM131343115

1. Which one of the following is unsecured debt issued by corporations on a short-term basis?

interbank offered loan

commercial paper

equipment bond

collateralized debt

2. A $100,000 or more term deposit at a bank is called which one of the following?

interbank deposit

bankers' acceptance

collateralized deposit

certificate of deposit

3. Which one of the following describes a banker's acceptance?

agreement to loan money in exchange for an agreement by the borrower to offer an asset as collateral

written agreement to loan funds in the future once the loan terms have been accepted

postdated check with payment guaranteed by a bank

agreement by a bank to provide short-term funds for the construction phase of a project

Reference no: EM131343115

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