ACI
3I0-012 · Question #263
When can a broker consider a deal to be done?
The correct answer is D. if he receives acknowledgement from both the dealers involved. See the full explanation below for the reasoning.
Question
When can a broker consider a deal to be done?
Options
- Aif he is confident that the dealer will not back out of the deal
- Bif both parties to the deal have established credit lines for each other
- Cif one party to the deal acknowledges interest
- Dif he receives acknowledgement from both the dealers involved
How the community answered
(42 responses)- A10% (4)
- B2% (1)
- C5% (2)
- D83% (35)
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