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ACI

3I0-012 · Question #62

Which of the following statements is true?

The correct answer is A. Prices quoted by brokers should be taken to be firm in marketable amounts unless otherwise qualified. See the full explanation below for the reasoning.

Question

Which of the following statements is true?

Options

  • APrices quoted by brokers should be taken to be firm in marketable amounts unless otherwise qualified
  • BPrices quoted by brokers should be taken to be indicative in marketable amounts unless otherwise qualified
  • CPrices quoted by brokers should be taken to be firm in amounts of 1,000,000.00 of the quoted currency
  • DPrices quoted by brokers should be taken to be indicative in amounts of 1,000,000.00 of the base currency

How the community answered

(32 responses)
  • A
    72% (23)
  • B
    16% (5)
  • C
    6% (2)
  • D
    6% (2)

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Full 3I0-012 Practice