Use the Chart Below to Answer the Following Questions Regarding

question 71

Multiple Choice

Use the chart below to answer the following questions regarding flow chart symbols.

-Which symbol would be used in a flowchart to represent a purchase order?

• A)#2
• B)#1
• C)#5
• D)#15

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Definitions:

Cash Settlement

A method of settling a transaction or financial instrument in cash rather than the physical delivery of the asset.

Bid Rate

The price at which a buyer is willing to purchase securities or other assets.

Offer Rate

The interest rate at which banks lend to their most credit-worthy customers, often referred to in the context of loans and savings.

Transaction Date

When control of the future economic benefits embodied in an asset are obtained from or transferred to another entity.