Which of the following statements is true?
A) Prices quoted by brokers should be taken to be firm in marketable amounts unless otherwise qualified
B) Prices quoted by brokers should be taken to be indicative in marketable amounts unless otherwise qualified
C) Prices quoted by brokers should be taken to be firm in amounts of 1,000,000.00 of the quoted currency unless otherwise qualified
D) Prices quoted by brokers should be taken to be indicative in amounts of 1,000,000.00 of the base currency unless otherwise qualified

Question

Quizplus · Accepted Answer

Prices quoted by brokers are generally considered firm in marketable amounts unless they specify otherwise, meaning they are committed to transact at those prices.

Which of the Following Statements Is True