ICMA Exam FMFQ Topic 5 Question 72 Discussion

Actual exam question for ICMA's FMFQ exam

Question #: 72
Topic #: 5

You have asked a bank to give you a rate at which you can sell SEK (Sweish Krone) and buy NOK (Norwegian Krone) for delivery in two days. What is the name of this sort of FX rate?

AQuote rate

BCross rate

CForward rate

DDual rate

Show Suggested Answer

Suggested Answer: B

by Fannie at Nov 19, 2024, 03:56 AM

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Vesta

15 days ago

C) Forward rate, for sure. You're asking about a rate for a future delivery, so that's gotta be it.

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Shawna

18 days ago

I'm not sure, but I think it might be C) Forward rate, as it involves a future delivery date.

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Noah

19 days ago

I think the answer is B) Cross rate. That's the term used for exchanging two different currencies, right?

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Oren

7 days ago

Yes, you are correct. It is indeed B) Cross rate.

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Patria

21 days ago

I agree with Alyce, because it involves two different currencies.

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Alyce

26 days ago

I think the answer is B) Cross rate.

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