Respuesta :
A debt issued by a company as a negotiable instrument with a term of 9 months or less is considered short-term commercial paper and is exempt from registration.
What is short-term commercial paper?
Commercial paper is a type of unsecured, short-term debt that is commonly issued by businesses to finance payrolls, payables, inventories, and other short-term liabilities.
Most commercial paper maturities range from a few weeks to months, with an average of around 30 days.
Option (a), short-swing trade is an incorrect answer because the SEC's short-swing profit rule requires corporate insiders to repay any profits generated from the acquisition and sale of company stock within a six-month period.
As a result, option (b) is the correct answer.
For more information regarding commercial paper, refer below
https://brainly.com/question/14632240
