When a Broker Makes an Error on Payment Instructions the Model

question 22

Multiple Choice

When a broker makes an error on payment instructions The Model Code recommends that:

• A) The broker remains liable for the resulting differ
• B) The broker remains liable until the error is disco
• C) The broker is not liable at all.
• D) The broker's liability should be limited as he is

---

Definitions:

Tenfold

An increase or having an amount that is ten times as large as another number.

Second Industrial Revolution

A phase of rapid industrialization in the late 19th and early 20th centuries, marked by advancements in steel production, electrical power, and transportation.

Economic Impact

The effect of an event, policy, or market change on the economy of a specific area, sector, or the global economy, including aspects like employment, investment, and consumption patterns.

Socialism

A political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.