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Kris Gaines, Treasurer at Palm Air Bank and Trust, is considering ways to meet a funding gap created by greater than expected loan demand. Palm Air is a medium sized bank located in Florida. The funding gap is approximately $850,000. Gaines is choosing between several nondepository funding types. The funds are needed immediately. Which type of funding is most appropriate in this situation?
A
Commercial paper.
B
Negotiable certificates of deposit (CDs).
C
Federal funds borrowing.
D
Eurodollar deposits.