ACI
3I0-012 · Question #459
3I0-012 Question #459: Real Exam Question with Answer & Explanation
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Question
A bank quotes a spot rate that is verifiably incorrect and deviates substantially from the prevailing market rate.
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
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