When do bank participants have a duty to make absolutely clear whether the prices they are quoting are firm or merely indicative?
A) only if they are dealing with brokers
B) only if dealing on an e-trading platform
C) only if they are dealing in non-marketable amounts
D) always

Question

Quizplus · Accepted Answer

Bank participants have a duty to make it absolutely clear whether the prices quoted are firm or indicative always to avoid any confusion or misinterpretation. It is a fundamental principle of fair dealing in financial markets.

When Do Bank Participants Have a Duty to Make Absolutely