ICMA FMFQ Exam Questions Instant Access - No Installation Required

Question 1

Approximately what is the daily turnover in the global fx markets (in USD equivalent)?

AUSD 5 billion per day

BUSD 500 billion per day

CUSD 5 trillion per day

DUSD 50 trillion per day

Answer : C

Question 2

Which of the following is not one of the so-called 3 Pillars of the European Basel regulations?

ALiquidity and capital requirements

BRisk management procedures

CSupervisory reviews

DRisk analysis and market discipline

Answer : B

Question 3

Which of the following rates represents the lowest investment-grade rating?

AA-

BBBB-

CBB

DC+

Answer : B

Question 4

A spot FX trade would traditionally follow which of the following settlement conventions?

ASame day

BT + 1 day

CT + 2 days

DT + 3 days

Answer : C

Question 5

A company raises money in the capital markets by issuing a bond that is offered for sale by the issuing bank. Which of the following best describes this deal?

APrimary market deal

BSecondary market deal

COverdraft transaction

DDrawdown on a borrowing facility

Answer : A

Question 6

The process by which a central clearing corporation manages its credit risk is known as:?

AMargining

BMatching

CMigrating

DMaturing

Answer : A

Question 7

A company issues a share that has a par value of 100.00 and pays a fixed dividend of 2.0% annually? What type of share is this?

ICMA Financial Markets Foundation Qualification FMFQ Exam Questions