Commercial paper is a:

Commercial paper is a:

short$-$term fund transferred between financial institutions usually for no more than one day.

loan to an individual or business to purchase a home, land, or other real property.

marketable bank$-$issued time deposit that specifies the interest rate earned and a fixed maturity date.

short$-$term unsecured promissory note issued by a company to raise funds for a short time period.

time draft payable to a seller of goods, with payment guaranteed by a bank.