ICMA Exam FMFQ Topic 3 Question 56 Discussion

Actual exam question for ICMA's FMFQ exam

Question #: 56
Topic #: 3

Which of the following currencies uses an Act/365 day-count in its money market transactions?

AUDS

BJPY

CEUR

DGBP

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Suggested Answer: D

by Ernest at May 07, 2024, 10:18 AM

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7 months ago

Okay, sounds good. I'll go with GBP too then.

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8 months ago

I feel confident it's GBP. Remember reading it’s different from the rest.

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8 months ago

This question is tricky. I don’t remember reading about Act/365 recently.

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8 months ago

Really? I was leaning towards EUR, though.

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9 months ago

I think it's GBP. Pretty sure it’s the one.

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9 months ago

So, anyone knows which currency uses Act/365 in money market?

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