Tom Is Writing a Solicited Proposal in Response to an RFP

question 60

Multiple Choice

Tom is writing a solicited proposal in response to an RFP and is working on the background section.What is his goal in this section?

• A) To convince the reader that a problem exists
• B) To make himself look professional
• C) To show the reader how much accepting the proposal will cost
• D) To persuade the reader that he understands the problem completely

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Definitions:

Reserve Requirement

The minimum amount of reserves a bank must hold against its deposits, as mandated by monetary authorities, to ensure banking stability.

Recession

An episode of provisional economic downturn, during which industrial and commercial activities decrease, customarily identified by a GDP drop in two consecutive quarters.

Money Supply

The sum of all financial resources present in an economy at a given moment, encompassing currency, deposits in banks, and other assets that can be quickly converted into cash.

Federal Reserve

The principal banking authority in the United States, responsible for overseeing the nation's financial and monetary systems.