A bank that has quoted a firm price is obliged to deal:
A) At that price
B) At that price in a marketable amount
C) At that price in a marketable amount, provided the counterparty's name is acceptable
D) At that price in a marketable amount, provided the counterparty's name is acceptable and the market price has not moved excessively

Question

Quizplus · Accepted Answer

A bank that has quoted a firm price is obliged to deal at that price in a marketable amount, provided the counterparty's name is acceptable. This ensures that the bank is protected against dealing with parties that may pose a credit risk.

A Bank That Has Quoted a Firm Price Is Obliged