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ICMA Exam FMFQ Topic 5 Question 65 Discussion

Actual exam question for ICMA's FMFQ exam
Question #: 65
Topic #: 5
[All FMFQ Questions]

Approximately what is the daily turnover in the global fx markets (in USD equivalent)?

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Suggested Answer: C

by Kristeen at Sep 08, 2024, 08:35 AM

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Dusti
3 months ago
I believe it's C) USD 5 trillion per day because it's the most commonly cited figure.
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Loren
3 months ago
Hmm, I'd say D. The global economy is huge, so it makes sense that the daily turnover in the forex markets would be in the tens of trillions. Maybe I can start my own currency and get in on the action.
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Felix
1 months ago
D) USD 50 trillion per day
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Leonora
1 months ago
I agree, the global economy is huge, so it makes sense.
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Maryrose
1 months ago
C) USD 5 trillion per day
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Maricela
2 months ago
I think it's C. The forex market is massive, so the turnover must be in the trillions.
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Mee
2 months ago
D) USD 50 trillion per day
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Lavonda
2 months ago
C) USD 5 trillion per day
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Emerson
2 months ago
B) USD 500 billion per day
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Dominque
3 months ago
A) USD 5 billion per day
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Xochitl
3 months ago
I'm not sure, but I think it's D) USD 50 trillion per day.
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Oretha
3 months ago
That's a huge amount! I would go with C) USD 5 trillion per day too.
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Shala
3 months ago
C'mon, USD 5 trillion per day? That's like the entire GDP of the world or something. I'm going with B, that sounds more reasonable.
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Felix
2 months ago
I agree, USD 5 trillion per day does sound like a lot. B seems more realistic.
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Ty
2 months ago
No way, that's way too much money. I'm going with B, USD 500 billion per day.
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Celestine
3 months ago
I think it's actually USD 5 trillion per day, the forex market is huge.
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Son
3 months ago
Wow, that's a lot of money! I'm gonna have to do some serious forex trading to get a piece of that pie.
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Chau
3 months ago
C) USD 5 trillion per day
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Dacia
3 months ago
A) USD 5 billion per day
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Rory
4 months ago
I think it's C) USD 5 trillion per day.
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