ACI
3I0-012 · Question #356
3I0-012 Question #356: Real Exam Question with Answer & Explanation
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Question
What should be done when a voice broker calls "off" at the very instant the dealer hits the broker's price as "mine" or "yours"?
Options
- AThe transaction should be concluded and the broker should inform both counterparties accordingly.
- BThe dealer who hits the broker's price may decide whether the deal is done or not; the broker should
- CThe deal should not be concluded and the broker should inform both counterparties accordingly.
- DThe broker should immediately inform both counterparties that the deal will have to berenegotiated.
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