Bank XYZ calls you for a quote in EUR/USD for EURO 20 million. If you decide to quote to Bank XYZ:
A) You must be prepared to deal up to EUR 20 million.
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) None or the above.

Question

Quizplus · Accepted Answer

When quoting a price for a specific amount, you must be prepared to deal up to that amount if the counterparty accepts the quote.

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