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WHAT ARE EUROCOMMERCIAL PAPERS? a. Derivative mortgage backed assets in Europe. b. European stocks traded in the New York Stock Exchange. c. Unsecured promissory notes

WHAT ARE EUROCOMMERCIAL PAPERS?

a. Derivative mortgage backed assets in Europe.

b. European stocks traded in the New York Stock Exchange.

c. Unsecured promissory notes issued by a corporation or a bank and sold directly to investors at a discount from face value. Their maturity is typically between 1 and 6 months.

d. Business newspapers in Europe.

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