Answer:
A formal quote is a type of document used by businesses of any size to provide a price for a given product or service. An Informal quote means a request from one or more sources for pricing on specific goods or services without a solicitation for bid submissions. Use an introductory or explanatory phrase, but not a complete sentence, separated from the quotation with a comma. Paraphrase is the restatement of a text, passage, or work giving the meaning in another form The teacher asked the students to write a paraphrase of the poem.