ACI
3I0-012 · Question #433
Your broker quotes you EUR/USD at 1.3425-28. You respond by saying "yours". Which one of the following statements is true?
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Question
Your broker quotes you EUR/USD at 1.3425-28. You respond by saying "yours". Which one of the following statements is true?
Options
- AYou are committed to sell a marketable EUR amount unless the quote was for a specific amount.
- BYou are committed to sell to the counterparty his full EUR amount subject to credit limits on the counterparty.
- CYou are committed to sell EUR up to the amount permitted by your credit limits on the counterparty.
- DYou are committed to sell a marketable USD amount unless the quote was for a specific amount.
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