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