ACI
3I0-012 · Question #212
What should be done when a voice broker hits a dealer's price as "done" at the very instant the dealer calls "off"?
The correct answer is B. The transaction should be concluded and the broker should inform both counterparties accordingly. See the full explanation below for the reasoning.
Question
What should be done when a voice broker hits a dealer's price as "done" at the very instant the dealer calls "off"?
Options
- AThe deal should not be concluded and the broker should inform both counterparties accordingly.
- BThe transaction should be concluded and the broker should inform both counterparties accordingly.
- CThe broker should immediately inform both counterparties that the deal will have to be renegotiated.
- DThe broker should decide whether the transaction is concluded or not and inform both counterparties
How the community answered
(41 responses)- A17% (7)
- B71% (29)
- C7% (3)
- D5% (2)
Community Discussion
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