Assume the Following Scenario: Bank a Bids for EUR 5,000,000

question 78

Multiple Choice

Assume the following scenario: Bank A bids for EUR 5,000,000.00 at 1.3592. Bank B offers EUR 10,000,000.00 at 1.3597. Broker XYZ quotes to the market EUR/USD 1.3592/97. Bank C takes the offer at 1.3597. What information is the broker obliged to reveal?

• A) the name of Bank A and Bank B
• B) the names of Bank B and Bank C
• C) the amount that was bid but not the name of Bank A
• D) the amount taken by Bank C as well as the amount that was bid

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Definitions:

Crisis Situations

Events or periods that significantly disrupt normal functioning and require immediate and effective response to prevent further harm or deterioration.

Secured

Ensured safety or the state of being protected against threats or harm.

Confidential

Something that is intended to be kept secret or private, often within a professional context.

HIPAA

The Health Insurance Portability and Accountability Act, U.S. legislation that provides data privacy and security provisions for safeguarding medical information.