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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)
  • A
    10% (4)
  • B
    2% (1)
  • C
    5% (2)
  • D
    83% (35)

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