Correct Answer: Long-term debt instruments

Solution : The correct answer is (c) Long-term debt instruments

Debentures are long-term debt instruments issued by companies or corporations to borrow funds from investors. They represent a loan agreement between the issuing company and the debenture holders. The debenture holders lend money to the company and, in return, receive fixed interest payments at a predetermined rate and a specified maturity date for the repayment of the principal amount.