ACI
3I0-012 · Question #73
When do bank participants have a duty to make absolutely clear whether the prices they are quoting are firm or merely indicative?
The correct answer is D. always. See the full explanation below for the reasoning.
Question
When do bank participants have a duty to make absolutely clear whether the prices they are quoting are firm or merely indicative?
Options
- Aonly if they are dealing with brokers
- Bonly if dealing on an e-trading platform
- Conly if they are dealing in non-marketable amounts
- Dalways
How the community answered
(55 responses)- A4% (2)
- B5% (3)
- C13% (7)
- D78% (43)
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