ACI
3I0-012 · Question #356
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"?
The correct answer is C. The deal should not 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 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.
How the community answered
(42 responses)- A2% (1)
- B7% (3)
- C76% (32)
- D14% (6)
Community Discussion
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