The term ‘redeemable’ is used for _______.


Preference share


Commercial paper


Equity shares


Public deposits

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And now we give you the correct answer:

Approved answer

Correct option is B)

Commercial paper is issued by a firm to raise funds for a short period of time, the time can be ranging from 90 days to 364 days after which it has to be redeemed. Commercial paper is an unsecured promissory note.