What Should Be Done If a Broker Fails to Conclude

question 612

Multiple Choice

What should be done if a broker fails to conclude a transaction at the quoted price and the dealer has to accept a lesser quote to neutralize his risk?

• A) 'stuff' the broker and insist on a replacement name at the original price
• B) accept a bank transfer compensation payment in favour of the bank or adjustment to brokerage bills
• C) refuse any sort of compensation from the broker for the amount concerned
• D) acknowledge the excuses of the broker and accept his offer of entertainment in compensation for the failed transaction

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Definitions:

Recency Effect

The phenomenon of better remembering the most recent information presented in a series of data or events.

Primacy Effect

The tendency to remember information at the beginning of a list or sequence better than information that comes later.

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Babies born before the completion of 37 weeks of gestation, often requiring specialized medical care due to underdeveloped body systems.

Attractive

Having qualities that stimulate interest or desire in others.