ACI
3I0-012 · Question #712
A bank that has quoted a firm price is obliged to deal:
The correct answer is C. At that price in a marketable amount with an acceptable name. See the full explanation below for the reasoning.
Question
A bank that has quoted a firm price is obliged to deal:
Options
- AAt that price.
- BAt that price in a marketable amount.
- CAt that price in a marketable amount with an acceptable name.
- DAt that price in a marketable amount with an acceptable name and provided the market price has not
How the community answered
(27 responses)- A4% (1)
- B15% (4)
- C74% (20)
- D7% (2)
Community Discussion
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