Free ICMA FMFC Exam Dumps Questions & Answers

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?

• A.Dual rate
• B.Cross rate
• C.Forward rate
• D.Quote rate

When a rating agency is assessing a corporate bond rating/ which of the following will they take into consideration in giving their rating?

• A.They take into consideration both probability of default and specific severity of potential loss
• B.They consider probability of default but must always assume 100% loss
• C.They assume all bonds will repay and so ignore the probability of default
• D.They look at the severity of potential loss without considering the probability of default

The price of a 3x6 FRA will be determined by reference to which of the following interest rates?

• A.3 month rate and 6 month rate
• B.3 month rate and 9 month rate
• C.6 month rate and 18 month rate
• D.6 month rate and 9 month rate

Which of the following factors in option pricing is the most subjective?

• A.Time to maturity
• B.Intrinsic value
• C.Interest rates
• D.Volatility

Which of the following is NOT a vlue-weighted index?

• A.S&P 500
• B.FTSE10C0
• C.DJIA
• D.CAC40