ACI
3I0-012 · Question #143
3I0-012 Question #143: Real Exam Question with Answer & Explanation
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Question
You quote a price to a broker. It is hit by another bank, but you are not informed until some time afterward that the deal has been done. Who is to blame?
Options
- AYou are, as it is your responsibility to check periodically that the price has not been dealt upon.
- BThe broker is, as he must immediately tell you that your price has been dealt upon.
- CThe other bank is, since it did not immediately seek confirmation.
- DAll the parties, particularly you and the other bank.
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