When a broker calls "off" at the very instant a dealer "hits" the broker's price:
A) The transaction should be concluded.
B) The broker decides whether or not the deal is done.
C) ACI's Committee for Professionalism will decide whether the transaction should be concluded.
D) The transaction should not be concluded.

Question

Quizplus · Accepted Answer

In this scenario, the broker has called "off" which means they have decided not to proceed with the transaction. Therefore, the transaction should not be concluded.

When a Broker Calls "Off" at the Very Instant a Dealer