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3I0-012 · Question #710

A broker can consider a deal as done if:

The correct answer is D. He receives verbal acknowledgement from the dealer. See the full explanation below for the reasoning.

Question

A broker can consider a deal as done if:

Options

  • AHe is confident that the dealer will not back out of the deal.
  • BBoth parties have established credit lines for each other.
  • COne party acknowledges interest.
  • DHe receives verbal acknowledgement from the dealer.

How the community answered

(33 responses)
  • A
    3% (1)
  • B
    15% (5)
  • C
    9% (3)
  • D
    73% (24)

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