You Quote a Price to a Broker

question 349

Multiple Choice

You quote a price to a broker. It is hit by another bank, but you are not informed until some time afterward that the deal has been done. Who is to blame?

• A) You are, as it is your responsibility to check periodically that the price has not been dealt upon.
• B) The broker is, as he must immediately tell you that your price has been dealt upon.
• C) The other bank is, since it did not immediately seek confirmation.
• D) All the parties, particularly you and the other bank.

---

Definitions:

Automatic Unconscious Thinking

Mental processes that occur without conscious awareness or effort, often guiding behaviors and decisions with minimal awareness.

Concrete Operations

A stage in cognitive development where children gain the ability to think logically about concrete events and understand the concepts of conservation and reversibility.

Physically Mature

The state at which an individual has reached full biological growth and development.

Sexual Harassment

Unwelcome sexual advances, requests for sexual favors, and other verbal or physical harassment of a sexual nature.