The Use of Mobile Phones from Within the Dealing Room

question 105

Multiple Choice

The use of mobile phones from within the dealing room for transacting business:

• A) Is not considered good practice.
• B) Is accepted in case of direct deal input into the
• C) Is accepted for senior dealers.
• D) Is accepted for hedging transactions.

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Definitions:

Delegate Duties

The act of assigning specific responsibilities or tasks from one person to another, often in a workplace or organizational setting.

Agency Termination

The act of ending the relationship between an agent and their principal, which can occur through mutual agreement, fulfillment of the agency's purpose, or other legal means.

Apparent Authority

The appearance or assumption of authority based on the actions or statements of the principal, which leads a third party to believe that an agent has authority to act.

Actual Notice

Knowledge actually possessed by a person, as opposed to knowledge assumed or implied by law.