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3I0-012 · Question #626

Bank XYZ calls you for a quote in EUR/USD for EURO 20 million. If you decide to quote to Bank XYZ:

The correct answer is A. You must be prepared to deal up to EUR 20 million. See the full explanation below for the reasoning.

Question

Bank XYZ calls you for a quote in EUR/USD for EURO 20 million. If you decide to quote to Bank XYZ:

Options

  • AYou must be prepared to deal up to EUR 20 million.
  • BYou may quote without stating the amount you are prepared to deal.
  • CYou are only committed to deal in a marketable amount.
  • DNone or the above.

How the community answered

(52 responses)
  • A
    85% (44)
  • B
    2% (1)
  • C
    4% (2)
  • D
    10% (5)

Community Discussion

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Full 3I0-012 Practice