FMFQ by ICMA Actual Free Exam Q&As

ICMA Financial Markets Foundation Qualification - FMFQ Exam Practice Test

Question 1

Which of the following is not a factor in determining a fair value forward fx price?

A. Interest rate in the quoted currency B. Interest in the base currency C. Spot rate D. View on where rates will be at the forward date

Discussion 0

Correct Answer: D Vote an answer

Question 2

Which of the following would not be expected to execute market deals?

A. Operations manager B. Fund manager C. Salesperson D. Trader

Discussion 0

Correct Answer: A Vote an answer

Question 3

A customer wants to sell SEK and asks 4 banks for a rate. Which of the following would be the best rate for the customer?

A. 6.5389 B. 6.6371 C. 6.5384 D. 6.5392

Discussion 0

Correct Answer: C Vote an answer

Question 4

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

A. Same day B. T + 2 days C. T + 3 days D. T + 1 day

Discussion 0

Correct Answer: B Vote an answer

Question 5

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?

A. Deferred share B. Preference share C. Cumulative share D. Ordinary share

Discussion 0

Correct Answer: B Vote an answer