ICMA Financial Markets Foundation Qualification FMFQ Exam Practice Test

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Total 50 questions
Question 1

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



Answer : A


Question 2

CHIPS is the payment system for which currency?



Answer : B


Question 3

One of the most contentious parts of the US Dodd-Franks Act is the restrictions placed on banks carrying trading positions. What is the name of the rule that deals with this?



Answer : D


Question 4

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



Answer : C


Question 5

You have bought a call option on a stock at a strike of EUR 29, and paid a premium of EUR 1.5 for this option. What is your breakeven price on this position?



Answer : C


Question 6

What type of bond is a "Yankee" bond?



Answer : C


Question 7

Which money market instrument is supported in the secondary market by primary dealers?



Answer : C


Page:    1 / 14   
Total 50 questions