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50) Large well-known companies often issue their own short-term unsecured debt notes directly to the public, rather than borr
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Ans D) commercial paper

Large well known companies often issue their own short term unsecured debt notes directly to the public rather than borrowing from banks; their notes are called commercial paper.

Commercial paper are short term unsecured promissory notes that are issued by the corporates. These are money market securities issued to meet short term debt obligations.

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