What should be done when a voice broker calls “off” at the very instant the dealer hits the broker’s price as “mine” or “yours”?

Correct Answer for the Question – What should be done when a voice broker calls “off” at the very instant the dealer hits the broker’s price as “mine” or “yours”? is given below

What should be done when a voice broker calls “off” at the very instant the dealer hits the broker’s price as “mine” or “yours”?

The transaction should be concluded and the broker should inform both counterparties accordingly.

The dealer who hits the broker’s price may decide whether the deal is done or not; the broker should inform both counterparties accordingly.

The deal should not be concluded and the broker should inform both counterparties accordingly.

The broker should immediately inform both counterparties that the deal will have to berenegotiated.

Correct Answer

The Correct Answer for this Question is

The deal should not be concluded and the broker should inform both counterparties accordingly.

Explanation

The Question – What should be done when a voice broker calls “off” at the very instant the dealer hits the broker’s price as “mine” or “yours”? has been answered correctly and answers for the question is The deal should not be concluded and the broker should inform both counterparties accordingly.

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