The Use of Mobile Phones from Within the Dealing Room

question 159

Multiple Choice

The use of mobile phones from within the dealing room for transacting business:

• A) Is not considered good practice.
• B) Is accepted in case of direct deal input into the bank's system.
• C) Is accepted for senior dealers.
• D) Is accepted for hedging transactions.

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Definitions:

Cash

A physical form of money, such as coins and banknotes, which is used in transactions to purchase goods and services.

Spend

To use money to pay for goods or services, or more broadly, to use resources or time for a particular purpose.

Reciprocity Norm

A social norm dictating that people should repay, in kind, what another person has provided or done for them, fostering mutual cooperation and social bonds.

Free Gift

An item or service given without charge to a customer as an incentive or as part of a promotional strategy.