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ICMA Exam FMFQ Topic 5 Question 72 Discussion

Actual exam question for ICMA's FMFQ exam
Question #: 72
Topic #: 5
[All FMFQ Questions]

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?

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Suggested Answer: B

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

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Harley
12 days ago
Hmm, I'm torn between B) Cross rate and C) Forward rate. Maybe I should just ask the bank teller next time I'm there.
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Cristina
15 days ago
B) Cross rate. Easy peasy, that's the one. Although, I do enjoy a good 'dual rate' - makes me think of some kind of superhero power or something.
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Devorah
15 days ago
D) Dual rate? Sounds like some kind of fancy financial lingo. I'll go with that, it seems legit.
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Belen
4 days ago
A) Quote rate
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Vesta
1 months 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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Lindsey
8 days ago
A) Quote rate
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Shawna
1 months 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
1 months ago
I think the answer is B) Cross rate. That's the term used for exchanging two different currencies, right?
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Glenn
7 days ago
It's important to know the cross rate when dealing with multiple currencies.
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Goldie
10 days ago
Cross rate is the rate at which two currencies are exchanged.
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Oren
23 days ago
Yes, you are correct. It is indeed B) Cross rate.
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Patria
1 months ago
I agree with Alyce, because it involves two different currencies.
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Alyce
1 months ago
I think the answer is B) Cross rate.
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