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Short-term notes payable: Rarely involve interest charges. Are a conditional promise to pay. Can be issued in return for money borrowed from a bank. Are not negotiable. Cannot replace an account payable.

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Answer:  Can be issued in return for money borrowed from a bank.

Explanation:

Short term notes payable are liabilities issued by a company indicating that they have an obligation to pay a certain amount (including interest) within the a year which makes it a current liability.

It can be issued in lieu of money borrowed from a bank as well as an accounts payable.

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