Experience Has Shown That Recourse to Taped Telephone Conversations Proves

question 143

Multiple Choice

Experience has shown that recourse to taped telephone conversations proves invaluable to the speedy resolution of disputes. Therefore, the Model Code recommends:

• A) that all telephone conversations (internal and external) be taped without informing counterparties
• B) that only conversations undertaken by dealers and brokers should be recorded
• C) that all conversations undertaken by dealers and brokers should be recorded, together with back office telephone lines used by those responsible for confirming deals or passing payments to other institutions
• D) that only telephone conversations between dealers and brokers be recorded

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Definitions:

Expected Inflation

The rate at which general prices of goods and services are anticipated to rise over a specific period.

Actual Inflation

The actual rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling.

Unemployment Rate

The percentage of the labor force that is unemployed and actively seeking employment.

Short-run Phillips Curve

A visual diagram illustrating the short-term inverse correlation between inflation rates and unemployment rates.