ACI
3I0-012 · Question #138
Bank XYZ calls you for a quote in EUR/USD for EUR 50,000,000.00. If you decide to quote, which of the following is true?
The correct answer is A. You must be prepared to deal EUR 50,000,000.00. See the full explanation below for the reasoning.
Question
Bank XYZ calls you for a quote in EUR/USD for EUR 50,000,000.00. If you decide to quote, which of the following is true?
Options
- AYou must be prepared to deal EUR 50,000,000.00.
- BYou may quote without stating the amount you are prepared to deal.
- CYou are only committed to deal in a marketable amount.
- DYou must be prepared to deal for more than EUR 50,000,000.00 in case Bank XYZ wishes to.
How the community answered
(34 responses)- A76% (26)
- B6% (2)
- C3% (1)
- D15% (5)
Community Discussion
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