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A security is issued by a commercial bank pays a stated interest rate has a denomination of $2M, has no collateral, and has a maturity
A security is "issued by a commercial bank pays a stated interest rate has a denomination of $2M, has no collateral, and has a maturity of 2 months. What type of security is this?
a) Negotiable CD
b) Commercial Paper
c) Municipal Bond
d) Repurchase agreement
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