A bank quotes a spot rate that is verifiably incorrect and deviates substantially from the prevailing market rate.

Question

Options

• Ayou should hit the price and hold the bank to the quoted incorrect rate, as the quoted party is entitled to
• Byou should ask the dealer to check his price, as it is highly unethical for one party to hold another to an
• Cyou should point out the mistake and split the difference
• Dyou should keep on dealing with this bank until the mistake is rectified

• A
  2% (1)
• B
  80% (33)
• C
  12% (5)
• D
  5% (2)

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