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3I0-012 · Question #66

3I0-012 Question #66: Real Exam Question with Answer & Explanation

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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

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