ACI
3I0-012 · Question #624
When a broker calls "off" at the very instant a dealer "hits" the broker's price:
The correct answer is D. The transaction should not be concluded. See the full explanation below for the reasoning.
Question
When a broker calls "off" at the very instant a dealer "hits" the broker's price:
Options
- AThe transaction should be concluded.
- BThe broker decides whether or not the deal is done.
- CACI's Committee for Professionalism will decide whether the transaction should be concluded.
- DThe transaction should not be concluded.
How the community answered
(43 responses)- A9% (4)
- B5% (2)
- C14% (6)
- D72% (31)
Community Discussion
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