Which Is the Recommended Format for Writing the Date of February

question 53

Multiple Choice

Which is the recommended format for writing the date of February 10,2011,in an international business document?

• A)2/10/11
• B)10.2 2011
• C)February 10, 2011
• D)10th of February, 2011

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Definitions:

Future Value

The value of an investment or cash flow at a specified future date, considering the applied interest rate or rates of return.

Cash Flow Stream

A cash flow stream is a series of cash inflows and outflows over a period of time, typically used in financial analysis to determine the value or profitability of an investment.

Rate of Return

The gain or loss of an investment over a specified period, expressed as a percentage of the investment’s cost.

Annuity

A financial product that pays out a fixed stream of payments to an individual, typically used as an income stream for retirees.