ACI
3I0-012 · Question #677
You hear from several counterparties that a major market participant has taken major losses on long USD/JPY positions. You know the reports are untrue, as you have in fact bought large amounts of…
The correct answer is C. You should not pass any information you know to be false. See the full explanation below for the reasoning.
Question
You hear from several counterparties that a major market participant has taken major losses on long USD/JPY positions. You know the reports are untrue, as you have in fact bought large amounts of USD/JPY from that very firm, which means that the impact of the reports on the market would be helpful to your position.
Options
- AAs you have heard the reports from other parties, you are entitled to pass them on to market news services.
- BAs you have heard the reports from other parties, you are entitled to pass them on to other market participants.
- CYou should not pass any information you know to be false.
- DYou should contradict the reports.
How the community answered
(30 responses)- A20% (6)
- B7% (2)
- C70% (21)
- D3% (1)
Community Discussion
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