When a New Client Signs on with the Whoppler Firm,its

question 5

Multiple Choice

When a new client signs on with the Whoppler Firm,its financial experts attempt to provide an educational orientation on finance for their newest customer.One of the many financial items discussed is the recommended primary reserve asset of the international monetary system.Which one of the following is most likely being discussed?

• A) Dirty float currency
• B) Purchasing power parity
• C) Clean float currency
• D) Special drawing right
• E) Dollarization

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Definitions:

Legal Terminology

The specialized language used that relates to laws or the legal process, including terms of art, phrases, and concepts.

Sufficiency of Consideration

The legal principle that the value exchanged in a contract must be both legally sufficient and something of value, in order for the contract to be enforceable.

Full Settlement

An agreement or payment that completely resolves a claim, debt, or dispute, leaving no further obligations for any of the involved parties.

Additional Consideration

Extra compensation or benefit that is promised to be given in a contract, in addition to what was originally agreed.