Bank XYZ calls you for a quote in EUR/USD for EUR 50,000,000.00. If you decide to quote, which of the following is true?
A) You must be prepared to deal EUR 50,000,000.00.
B) You may quote without stating the amount you are prepared to deal.
C) You are only committed to deal in a marketable amount.
D) You must be prepared to deal for more than EUR 50,000,000.00 in case Bank XYZ wishes to.

Question

Quizplus · Accepted Answer

When quoting a price for a specific amount, you must be prepared to deal the full amount requested, in this case, EUR 50,000,000.00.

Bank XYZ Calls You for a Quote in EUR/USD for EUR