You Have Received a Memo That Has a Full Signature

question 30

Multiple Choice

You have received a memo that has a full signature at the bottom of the page, rather than being initialed next to the name at the top of the memo.What does this probably mean?

• A)The writer is not aware of proper memo format.
• B)The organization does not use conventional memo format.
• C)The writer is preventing unauthorized information from being added to the memo.
• D)The writer thinks that a full signature looks better than initials.

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Definitions:

Flexible Exchange Rate

Rate determined in foreign exchange markets by the forces of demand and supply without government intervention.

Fixed Exchange Rate

A currency system where the value of a currency is pegged to another currency, a basket of currencies, or a physical commodity like gold.

Exchange Rate

The price of one currency in terms of another, determining how much foreign currency can be exchanged for a unit of domestic currency.

Financial Transactions

Activities involving the exchange of money between parties, including buying, selling, lending, and borrowing.