ACI
3I0-012 · Question #321
3I0-012 Question #321: Real Exam Question with Answer & Explanation
The correct answer is A. The broker must show the borrower's name to the lender first and disclose the lender's name only. See the full explanation below for the reasoning.
Question
A bank quotes 3-month EUR deposits at 0.45% -- 0.55% to its broker. The broker lifts the bank's offer at 0.55%. Which of the following steps must the broker take?
Options
- AThe broker must show the borrower's name to the lender first and disclose the lender's name only
- BThe broker must show the lender's name to the borrower first and disclose the borrower's name only
- CThe broker must show the borrower's and lender's names to each other at the same time.
- DFor marketing reasons, the broker can show the lender's name to the borrower at any time.
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