ACI
3I0-012 · Question #66
What is the meaning of "under reference" in the terminology of trading?
The correct answer is B. the qualification that the rate quoted in the market may no longer be valid and requires confirmation before. See the full explanation below for the reasoning.
Question
What is the meaning of "under reference" in the terminology of trading?
Options
- Aa term the quoting dealer uses to caution the receiver of the quote that the price may have to be re-quoted
- Bthe qualification that the rate quoted in the market may no longer be valid and requires confirmation before
- Cthe statement that the rates quoted by the broker are for indication only
- Dan acknowledgement by the dealer receiving the quote that the rate may have to be re-quoted at the receiver's
How the community answered
(30 responses)- A3% (1)
- B77% (23)
- C13% (4)
- D7% (2)
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