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If Several Banks Hit a Broker Simultaneously for an Amount

Question 458

Multiple Choice

If several banks hit a broker simultaneously for an amount greater than the amount for which the price was shown:


A) no transaction is done
B) the broker has to honor each and every amount hit
C) the broker has to split the amount among the banks on a pro rata basis
D) the broker may freely choose the bank(s) he will deal with

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