ACI
3I0-012 · Question #76
A bank that has quoted a firm price is obliged to deal:
The correct answer is C. At that price in a marketable amount, provided the counterparty's name is acceptable. 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, provided the counterparty's name is acceptable
- DAt that price in a marketable amount, provided the counterparty's name is acceptable and the market price
How the community answered
(45 responses)- A7% (3)
- B2% (1)
- C82% (37)
- D9% (4)
Community Discussion
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