ICMA Exam FMFQ Topic 1 Question 53 Discussion

Actual exam question for ICMA's FMFQ exam

Question #: 53
Topic #: 1

[All FMFQ Questions]

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

Show Suggested Answer

Suggested Answer: C

by Myra at Apr 10, 2024, 03:35 PM

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Janine

6 months ago

I think D) USD 50 trillion per day is way too high. It's definitely not that much.

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Marva

6 months ago

I believe it's USD 500 billion per day. That would still be a significant amount, right?

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Vashti

6 months ago

I read somewhere that it's actually USD 5.3 trillion per day, so C might be the correct answer.

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Ilda

6 months ago

Wow, that's a huge amount! I would never have guessed it was that high.

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Lang

6 months ago

I think the daily turnover in the global fx markets is around USD 5 trillion per day.

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Pearly

6 months ago

I see your point, but I still think it's C) USD Magnolia trillion per day.

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Magnolia

7 months ago

I would go with A) USD Magnolia billion per day, it seems more reasonable.

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Romana

7 months ago

Really? That seems too high to me.

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Sheldon

7 months ago

I disagree, I believe it's D) USD 50 trillion per day.

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Shawna

7 months ago

That sounds about right, the fx market is huge.

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Meaghan

7 months ago

I think it's C) USD 5 trillion per day.

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Carlee

8 months ago

Haha, I bet the person who wrote this question is just trying to mess with us. It's probably option C, $5 trillion per day, but who knows?

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Sheridan

8 months ago

I'm not even sure what the difference between a billion and a trillion is anymore. This question is making my head spin! I'm going to guess option A, $5 billion per day, just to be safe.

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Chauncey

8 months ago

Whoa, $50 trillion? That's insane! I'm pretty sure it's not that high. I think option B, $500 billion, is more realistic.

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Hobert

7 months ago

I agree, I think option B, $500 billion, makes more sense.

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Na

7 months ago

Yeah, $50 trillion does sound crazy.

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Tommy

8 months ago

I remember reading something about the daily turnover being around $50 trillion. That's a lot of money! I'm going to go with option D.

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Cyril

8 months ago

Hmm, I thought the daily turnover was in the trillions, not billions. I'm going to go with option C, $5 trillion per day. That sounds about right to me.

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Simona

8 months ago

Wow, this is a tricky one! The global FX markets are huge, but I'm not sure if it's in the trillions per day. I'm leaning towards option B, $500 billion per day, but I could be wrong.

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