ACI
3I0-012 · Question #131
In order to give a price in EUR/USD, the broker must:
The correct answer is C. get the price from a bank or a bid and an offer from different banks in order to make a two-way price. See the full explanation below for the reasoning.
Question
In order to give a price in EUR/USD, the broker must:
Options
- Aknow whether the European Central Bank or the Federal Reserve is in the market before quoting
- Bbe sure that the quoting bank's prices are not shared with other brokers
- Cget the price from a bank or a bid and an offer from different banks in order to make a two-way price,
- Dmake sure that the quoting banks have sufficient credit lines
How the community answered
(65 responses)- A11% (7)
- B2% (1)
- C82% (53)
- D6% (4)
Community Discussion
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